AgioFunds, Beta Securities launch Polish tech ETF on GPW

Jun 8th, 2021 | By | Category: Equities

AgioFunds and its listing partner Beta Securities Poland have launched a new ETF on GPW (Warsaw Stock Exchange) providing exposure to Polish equities from technology-enabled sectors.

AgioFunds, Beta Securities launch Polish tech ETF on GPW

Robert Sochacki and Izabela Olszewska celebrate the listing of the Beta ETF WIGTECH on GPW.

The Beta ETF WIGTECH (ETFBWTECH PL) is the tenth ETF to list on GPW and comes with a management fee of 0.80%.

The fund is linked to the WIGtech Total Return Index which comprises companies that are listed on the Main Board of GPW and are classified within the information technology, biotechnology, gaming development, software, and telecommunications sectors.

Constituents are weighted by float-adjusted market capitalization while capping the weight of any single stock at 10%.

As of the end of May, the index contained 49 constituents with the largest sector exposures being gaming development (30.7%), telecommunications (23.6%), software (17.1%), information technology (16.4%), and biotechnology (9.4%) sectors.

Telecommunications company Orange Polska and digital production platform Cyfrowy Polsat were the index’s largest constituents, each meeting the weight cap of 10%. Other notable positions included CD Projekt, LiveChat Software, Ten Square Games, and Huuuge Games with weights of approximately 6% each.

Robert Sochacki, Board Member of Beta Securities Poland and Member of the Supervisory Board of Agiofunds, said: “The WIGtech is a very attractive index as it covers many companies which have been growing dynamically over the past months. We hope that the new index will win investors’ appreciation and attract interest and capital to Polish technology stocks. The ETF which has been newly listed addresses investors’ expectations for an index which groups stocks other than banking and state-owned companies.”

Izabela Olszewska, Member of the GPW Management Board, added: “Sector and thematic ETFs have become popular with investors as they offer exposure to an industry or market niche which is on the investors’ radar or enjoys a strong outlook. We see a lot of potential for ETFs, and we are proud that a new attractive instrument has been introduced to trading and offers passive investment in tech stocks.”

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