Expat’s Exchange Traded Funds Get Access to a Fourth European Stock Exchange

8 April 2021 was the first trading day on the Ljubljana Stock Exchange (Ljubljanska Borza) for 5 of the exchange traded funds managed by Expat Asset Management. The funds passively track the performance of major equity indices in Bulgaria, Slovenia, Croatia, Serbia, and North Macedonia.

The five funds are a part of Expat’s family of 11 passive ETFs. They are unique market propositions providing liquid and diversified country-specific exposure in the CEE region to international investors. The funds passively follow the performance of the main equity indices from Poland, Czech Republic, Slovakia, Hungary, Slovenia, Croatia, Serbia, North Macedonia, Romania, Bulgaria, Greece.

The Ljubljana Stock Exchange is the fourth exchange on which the Expat’s funds are traded. This step is part of the company’s mission to connect the Bulgarian capital market with major international and European stock exchanges.

All the 11 funds are listed on the Bulgarian Stock Exchange and on the Frankfurt Stock Exchange (XETRA). Expat Bulgaria SOFIX UCITS ETF is also traded on the London Stock Exchange. Expat has chosen those 5 funds for Ljubljana as they have attracted the most interest from Slovenian and Croatian investors. The mid-term plan is to list the rest of the ETFs on the Ljubljana Stock Exchange as well, and to expand the map of the regional stock exchanges in Central Europe where Expat’s instruments will be registered for trading.

Expat’s ETFs are designed to provide international investors diversified and liquid exposure to the countries in the CEE region. The trading on several European stock exchanges, including the financial centers of London and Frankfurt, ensures that international investors have an easy and cost-effective way to control their exposure to specific countries in the region, overcoming deficiencies such as the lack of liquidity, lack of access, cross-border settlement issues, high execution costs, large spreads, and other technical factors typical for many of these markets.

Expat’s ETFs have the following characteristics:
  • UCITS-compliant
  • passive equity index trackers
  • open-ended, providing daily liquidity
  • using direct physical replication
  • reinvesting dividends; not distributing any dividends
Advantages of Investing in Expat’s ETFs:
  • Easy and convenient macro play. Investors buy all the companies from the index. There is no need to devote time and resources to analyze, pick and follow individual stocks.
  • Diversification. Exposure to the largest and most liquid stocks on the relevant CEE stock exchange. Diversification lowers the volatility of the investment.
  • Superior liquidity. The market makers maintain buy/sell quotes and ensure that the shares can be traded at any time. The access of trading on several stock exchanges additionally increases the liquidity.
  • Low transaction costs. It is cheaper to invest in one instrument rather than in shares of multiple companies.
  • European regulations. The Expat’s ETFs are fully compliant with the UCITS Directive of the European Union.
  • Transparency. The ETFs portfolios are published and updated daily on Expat’s website: www.expat.bg.

More information about Expat’s ETFs HERE.