March 15 (SeeNews) - Four exchange-traded funds (ETFs) run by Sofia-based Expat Asset Management have received approval and will start trading on the Frankfurt Stock Exchange on March 16, the management company said on Thursday.
Each of the four ETFs tracks 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, Expat Asset Management said in a statement.
The four ETFs - Expat Greece ASE UCITS ETF [BUL:GRX], Expat Poland WIG20 UCITS ETF [BUL:PLX], Expat Czech PX UCITS ETF [BUL:CZX] and Expat Romania BET-BK UCITS ETF [BUL:ROX], started trading on the Bulgarian Stock exchange in January.
Also in January, Expat Asset Management's Expat Bulgaria SOFIX UCITS ETF [BUL:BGX] started trading on the Frankfurt Stock Exchange.
Expat Asset Management intends to list all of its 11 ETFs following blue-chip indices in Central and Eastern Europe on foreign stock exchanges.
The remaining six ETFs, which have not already been listed in Frankfurt, follow the blue-chip indices of the stock exchanges in Slovakia, Slovenia, Hungary, Croatia, Serbia and Macedonia.
Expat Asset Management is a unit of Bulgaria's Expat Capital.