Bringing you live news and features since 2006 

AgioFunds TFI lists WIG20lev ETF on GPW

RELATED TOPICS​

The WIG20lev Beta ETF has now listed on the GPW Main Market, becoming the the seventh ETF (Exchange Traded Fund) listed on the Warsaw exchange, the fourth Beta ETF, and the first such new listing in 2020. The ETF’s issuer is AgioFunds TFI, its offeror and market maker is Dom Maklerski BOŚ, and the initiative co-ordinator is Beta Securities Poland.

“Passive investing is very popular on international markets. The development of the passive fund market is a part of our growth strategy #GPW2020 and the Capital Market Development Strategy, reflecting the importance of passive investing to all market participants: the exchange, managers, issuers, as well as institutional and retail investors. We are glad than another ETF will be listed on the Warsaw Stock Exchange. I am certain that it is not the last word; on the contrary, I expect continued expansion of this market segment followed by ongoing development of ETFs,” says Izabela Olszewska, Member of the Management Board of GPW.

WIG20lev is based to WIG20: it tracks WIG20 with a double leverage.

“The WIG20lev BETA ETF is a fund addressed to investors who expect WIG20 to rise. The fund tracks the index WIG20lev, which follows WIG20 with double leverage. The launch of WIG20lev BETA ETF is a natural continuation of the November launch of WIG20short BETA ETF. These funds are dedicated to investors who expect WIG20 to change sharply. Unlike futures, the ETFs are available in IKE and IKZE investment accounts. We hope that the ease of trade, attractive quotes, low required investment, and reduced management fees (1.00 per cent) will win investors for the fund,” says Robert Sochacki, Member of the Management Board of Beta Securities Poland.
Radosław Olszewski, President of DM BOŚ, also believes that the new product is very likely to attract investor interest.

“As a participant in the introduction of yet another ETF, we can see that the market segment has a potential to grow. We are glad to take active part in that growth as an offeror and market maker. As a market maker, we will ensure best liquidity possible. For that purpose, we are planning to quote instruments at very attractive spreads in the initial period. To encourage our clients to use the new product, we will offer promotional fees, as usual, in the early period after the launch of the fund,” says Radosław Olszewski, President of DM BOŚ.

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by