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Expat Bulgaria SOFIX UCITS ETF gets orders to redeem, issue shares

Author Mario Tanev
Expat Bulgaria SOFIX UCITS ETF gets orders to redeem, issue shares Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), March 10 (SeeNews) - Expat Bulgaria SOFIX UCITS ETF [BUL:BGX] has received orders to redeem 50,000 existing shares and issue 200,000 new ones, data from its management company shows.

Expat Bulgaria SOFIX UCITS ETF will have a total of 22.19 million outstanding shares after completing the orders, Expat Asset Management data shows.

On Monday, the ETF had a net asset value per share of 0.8155 levs ($0.475/0.417 euro).

Expat Bulgaria SOFIX UCITS ETF is the first ETF in Bulgaria. It tracks the performance of the blue-chip SOFIX index of the Bulgarian Stock Exchange (BSE) and is also listed in London and Frankfurt.

Expat Asset Management, a unit of Bulgaria's Expat Capital, operates 12 ETFs tracking the performance of stock market indices from the CEE region.

(1 euro = 1.95583 levs)

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