Investimental and Intercapital Asset Management will launch the InterCapital BET-TRN UCITS ETF at the beginning of 2024. Thus, Investimental, the newest broker on the Romanian capital market, and InterCapital Asset Management, the largest independent investment manager in Croatia, with assets of 420 million euros under management, announces the signing of an agreement for the launch of a new ETF on the Bucharest Stock Exchange.
This ETF, whose launch is planned for early next year, will track the performance of the BET-TRN index, which includes the 20 Romanian blue-chip companies, such as Banca Transilvania, Hidroelectrica, OMV Petrom or Romgaz.
The acronym TRN in BET-TRN stands for “Total Return Net”, which denotes that the index reflects not only the price developments of blue-chip companies, but also assumes the reinvestment of net dividends.
The InterCapital BET-TRN UCITS ETF, planned to enter trading on the Bucharest Stock Exchange in the first quarter of 2024, will represent an important instrument on the local capital market, offering investors diversification on the 20 most liquid Romanian companies included in BET, including both defensive stocks and dynamic local entrepreneurial companies. Therefore, investors will be able to gain exposure to the local market by investing even small amounts that would not normally allow them to build a diversified investment portfolio.