May 31 (SeeNews) - An exchange-traded fund (ETF) [ZSE:7BET] tracking Romanian stocks, which was launched by Croatian company InterCapital Asset Management, started trading on the regulated market segment of the Zagreb bourse on Wednesday, bourse data showed.
At the start of trading, the fund, InterCapital BET-TR UCITS ETF, traded at 0.10 euro (1$0.78) per unit, to reach 9.96 euro per unit intraday, according to data from the ZSE. A total of 50,000 units have been listed.
InterCapital BET-TR UCITS ETF is a sub-fund of open-ended investment fund InterCapital Krovni UCITS ETF.
Last week, InterCapital Asset Management said that InterCapital BET-TR UCITS ETF aims to replicate the structure of the BET-TR equity index of the Bucharest stock exchange, as it will consist of between ten and twenty shares. Market maker for the new ETF is brokerage InterCapital Vrijednosni Papiri.
On Thursday, InterCapital Asset Management listed units of two ETF on the regulated market segment of the Ljubljana bourse in the first ever listing of Croatian funds abroad.
InterCapital Asset Management has also listed on the Zagreb bourse InterCapital CROBEX10tr UCITS [ZSE:7CRO] and InterCapital SBITOP TR UCITS [ZSE:7SLO], ETFs tracking Croatian and Slovenian stocks.
($ = 0.938 euro)