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SOFIA (Bulgaria), August 23 (SeeNews) - Bulgaria's Expat Asset Management intends to set up a mutual fund named Expat Bulgaria Short SOFIX, according to a statement by the Financial Supervision Commission (FSC).
The SOFIX index is the Bulgarian Stock Exchange blue-chip benchmark, tracking 15 companies listed in Sofia.
The FSC asked Expat Asset Management to provide further information and documents regarding its plans to set up the investment fund, the financial regulator said in a statement on Thursday.
Currently, Expat Asset Management operates 11 exchange-traded funds (ETFs) tracking the performance of stock indices from the CEE region, including the SOFIX, and three mutual funds.
Expat Asset Management is a wholly-owned subsidiary of local Expat Capital.