Bulgaria's Expat Asset Management to launch first ETF on Sofia bourse

Bulgarian investment and asset management company Expat Asset Management said it will launch the first exchange-traded fund (ETF) on the Bulgarian bourse. The fund, named Expat Bulgaria SOFIX UCITS ETF, will track the performance of the blue-chip SOFIX index of the Bulgarian Stock Exchange (BSE), by adhering to the method of full physical replication of the index, the company said on its website on Monday.