First SOFIX ETF starts trading September 27th 2016. Expat Bulgaria SOFIX UCITS ETF begins trading with BGN 100k net assets It will trade with a BGX ticker on the Bulgarian Stock Exchange.
The fund will apply full replication to minimize tracking error, however, fees and commissions to add up to 2.5% of the fund’s annual net assets. Primary subscription or redemptions are at 2% each with a minimum deal size of BGN 100k.
First time on the market: Three market makers for the fund
It is for the first time on the local market that Expat Bulgaria SOFIX UCITS ETF (BGX BU) managed to commit three market makers. ELANA Trading is one of the three registered market makers together with Benchmark Finance and First Investment Brokerage House.
Fund NAV is expected shortly to build up to BGN 500k on the primary market, so the first local ETF on SOFIX will prove news for local and international investors.