January 17 (SeeNews) - Four exchange-traded funds (ETFs) managed by Bulgaria's Expat Asset Management started trading on the stock exchange in Sofia on Wednesday, bourse data showed.
Each of the four ETFs will track the performance of the blue-chip index of one of four stock exchanges in Central and Eastern Europe, i.e. the bourses of Greece, Poland, the Czech Republic and Romania.
As at 11:00 CET on Wednesday, Expat Greece ASE UCITS ETF traded 4.3% higher at 1.043 levs ($0.65/0.53 euro) in a volume of 6,300 units.
By the same hour, Expat Czech PX UCITS ETF traded 2.6% higher at 1.026 levs, while Expat Romania BET-BK UCITS ETF traded at 1.024 levs, up 2.4%. Expat Romania BET-BK UCITS ETF was the most traded ETF by 11:00 CET, with 26,900 of its units having changed hands by that hour.
The units of Expat Poland WIG20 UCITS ETF traded 2.2% up at 1.022 levs in a volume of 10,710 units by 11:00 CET.
After the admission to trading of the four ETFs on the Sofia bourse, Expat Asset Management now plans to list them on the Frankfurt Stock Exchange, the company said.
(1 euro = 1.95583 levs)