AgioFunds launches Polish mid-cap equity ETF

Sep 5th, 2019 | By | Category: Equities

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Warsaw-based asset manager AgioFunds has launched a new ETF in Poland, providing exposure to the mid-cap segment of the domestic equity market.

Robert Sochacki, AgioFunds Board Member

Robert Sochacki, AgioFunds Board Member.

The BETA mWIG40TR ETF (BETAM40T PW) has listed on Warsaw Stock Exchange (GPW) and comes with an expense ratio of 1.20%.

The fund is linked to the market-cap-weighted mWIG40 Total Return Index which consists of the 40 largest and most liquid securities trading on GPW outside of the large-cap WIG20 Index which covers the largest 20 stocks.

The largest securities in the index are ING Bank Śląski (10.1%), Asseco Poland (7.9%), Bank Millennium (7.3%), AmRest Holdings (5.9%), Grupa Kęty (5.8%), and Kruk (5.5%).

The fund is the second ETF from AgioFunds and, similarly, the second ETF to launch in Poland, following the debut of the BETA WIG20 ETF (BETAW20T PW) in January 2019. This fund tracks the aforementioned WIG20.

Robert Sochacki, AgioFunds Board Member, commented, “As promised to investors in early January, we have introduced a new Beta ETF to the Warsaw Stock Exchange. The mWIG40TR Beta ETF enables convenient and inexpensive investing in 40 mid-cap stocks including dividends. I am certain that investors will appreciate the convenience of investing in an entire index when buying mWIG40TR Beta ETF certificates.”

Piotr Borowski, Member of the GPW Management Board, added, “The new listing of the mWIG40TR BETA ETF is an important step in the development of GPW and the Polish capital market. It is the first ETF to invest in mid-cap stocks listed on GPW participating in mWIG40TR.

“Retail and institutional investors around the world appreciate ETFs for low management costs, transparency, liquidity and trading opportunities on the exchange…In view of their advantages, we are certain that GPW-listed ETFs will gain increasing popularity with investors.”

Sochacki said, “This is not the end but only the beginning of the Beta ETF offer. We will launch more Beta ETFs in the coming months, opening additional options of efficient and convenient investing in GPW indices and later also indices of other exchanges.”

According to regulatory filings, two further ETFs are in the pipeline, set to provide leveraged and inverse exposure to the WIG20 Index.

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