Bulgarian Expat’s BUX-based ETF gets orders to issue 10,000 shares

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Expat Hungary BUX UCITS ETF, managed by Sofia-based Expat Asset Management, has received orders on the primary market to issue 10,000 shares, data from the management company’s website shows. Following the issuance, the exchange-traded fund (ETF) will have a total of 650,000 outstanding shares, the data shows. Expat Hungary BUX UCITS ETF had a net asset value per share of 0.7134 euro ($0.7781) on Wednesday. The ETF started trading on the Bulgarian Stock Exchange in February 2018 and was subsequently listed on the Frankfurt Stock Exchange in April 2018.Expat Hungary BUX UCITS ETF follows the blue-chip BUX index of the Budapest Stock Exchange. Expat Asset Management is a unit of Bulgaria’s Expat Capital.

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