Expat lists four EM Europe ETFs on Deutsche Börse

Mar 19th, 2018 | By | Category: Equities

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Bulgaria-based investment manager Expat Asset Management has cross-listed four new emerging market ETFs on Deutsche Börse, providing exposure to Southern, Central and Eastern European equity markets.

Prague Eastern Europe Czech

The new ETFs provide exposure to the main stock indices from the Czech Republic (pictured), Romania, Poland, and Greece.

The ETFs, which are already available on the Bulgarian Stock Exchange, track the largest and most liquid companies in the Czech Republic, Romania, Poland, and Greece.

All four ETFs are physically backed, providing direct exposure to underlying index holdings.

Expat Czech PX UCITS ETF (CZX GY)

CZX tracks the Prague Stock Exchange (PX Index). The index has just 13 holdings, of which banking stocks make up half of the total exposure. The top three holdings are Erste Group Bank (20.8%), ČEZ Group (utilities) (19.9%) and Komerční Banka (19.4%).

Expat Romania BET-BK UCITS ETF (ROX GY)

ROX tracks the performance of the Bucharest Exchange Trading Benchmark Index (BET-BK Index)The BET-BK Index is composed of 25 companies. The top three holdings are currently Banca Transilvania (7.6%), OMV Petrom (7.3%) and Fondul Proprietatea (7.2%).

Expat Poland WIG20 UCITS ETF (PLX GY)

PLX tracks the WIG20, the main index of the Polish Stock Exchange. The index is made up of 20 companies. Currently, the largest holding is the Universal Savings Bank of Poland, representing 15.6%, followed by Powszechny Zakład Ubezpieczeń (insurance) at 11.9% and Polski Koncern Naftowy ORLEN (oil) at 11.7%.

Expat Greece ASE UCITS ETF (GRX GY)

GRX tracks the performance of the Athens Stock Exchange General Index (ASE Index) (ATHEX Composite) using sampled replication. The ASE Index is the main equity index of the Athens Stock Exchange and tracks 60 companies.

All four funds have total operating expenses of 1.38%.

Headquartered in Sofia, Expat Asset Management is the largest independent asset management company in Bulgaria.

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