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Dec 20, 2017 16:36 EEST
December 20 (SeeNews) - Sofia-based Expat Capital said on Wednesday its SOFIX-based exchange-traded fund (ETF) Expat Bulgaria [BUL:BGX] will start trading on the Frankfurt Stock Exchange on January 10, 2018.
The aim of the ETF’s cross-listing in Frankfurt is to improve the access of foreign investors to the Bulgarian Stock Exchange (BSE), Expat Capital said in a statement.
Expat Bulgaria SOFIX UCITS ETF, managed by Expat Asset Management, follows the BSE’s blue-chip index SOFIX. The ETF was listed on the BSE in September 2016.
Earlier this month, Bulgaria's financial regulator said it has given approval to Expat Asset Management to set up four exchange-traded funds (ETFs), each of which will track the performance of the blue-chip index of one of the bourses of Greece, Poland, the Czech Republic and Romania.
In February, Expat Bulgaria SOFIX UCITS ETF received approval from the Financial Conduct Authority (FCA) for cross-listing on the London Stock Exchange (LSE).
As at 14:50 CET on Wednesday, Expat Bulgaria SOFIX UCITS ETF units traded 2.1% higher at 1.215 levs ($0.73/0.62 euro).
(1 euro = 1.95583 levs)
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