Frankfurt Stock Exchange. Author: Thomas Schulz.
SOFIA (Bulgaria), April 16 (SeeNews) - Six exchange-traded funds (ETFs) run by Sofia-based Expat Asset Management have received approval and will start trading on the Frankfurt Stock Exchange on Monday, the management company said.
Each of the six ETFs tracks the performance of the blue-chip index of one of six stock exchanges in Central and Eastern Europe, i.e. the bourses of Slovakia, Slovenia, Hungary, Croatia, Serbia and Macedonia, Expat Asset Management said in a statement.
Following the new registrations, all 11 ETFs, managed by Expat Asset Management will be trading on both Frankfurt and Sofia stock exchanges.
In March, four of the 11 ETFs, covering the performance of the blue-chip indices on the stock exchanges in Greece, Poland, the Czech Republic and Romania started trading on the Frankfurt Stock Exchange.
In January, Expat Asset Management's Expat Bulgaria SOFIX UCITS ETF [BUL:BGX] started trading on the Frankfurt Stock Exchange.
Expat Asset Management is a unit of Bulgaria's Expat Capital.