SAI Globinvest, one of the Romanian companies with tradition in the management of the investments in Romania, listed on April 28, the second sector ETF on the Regulated Market of the Bucharest Stock Exchange (BVB) with the ticker symbol GIBEFETF. Globinvest Energy & Financials ETF aims at full replication of the benchmark index structure Bucharest Exchange Trading Energy, Utilities and Financials Index (BET-EF) of the stock exchange.
BET-EF is a price index created by BVB to reflect the evolution of the Romanian companies listed on the Regulated Market of the BVB that are representative for the energy, utilities and financial sectors. It is a free-float market capitalisation weighted index and the maximum weight of a company in the index is 20%. The companies included in the index are selected both in terms of liquidity and free-float capitalisation in order to ensure that only the most liquid stocks of significant size are part of the index. The BET-EF index currently includes the following companies: Banca Transilvania (TLV), OMV Petrom (SNP), Hidroelectrica (H2O), Romgaz (SNG), BRD-Groupe Societe Generale (BRD), Nuclearelectrica (SNN), Electrica (EL), Transgaz (TGN), Transelectrica (TEL), Premier Energy (PE) and Bucharest Stock Exchange (BVB).
The capitalisation of all companies listed on the main segment of the stock exchange is RON 365 billion, at the end of April 25. At the same time, the capitalisation of all listed Romanian companies in the three sectors of activity covered by the BET-EF index represents approximately RON 200 billion, i.e. about 55% of the total capitalization of the main segment of the stock exchange. In terms of performance, from launch to date, BET-EF shows a correction of 5.40%. Since the beginning of the year, BET-EF has appreciated by 4.71%.
Globinvest Energy & Financials ETF is launched by SAI Globinvest, a Romanian company having 30 years of experience in investment management, established in Cluj-Napoca. The net assets of the investment funds managed by SAI Globinvest amount to approximately RON 270 million. The initial assets of the ETF launched totday amount to RON 2,2 million.
The ETF benefits from the services of a liquidity provider (market maker) offered by IFB Finwest, which was also in charge of the admission of ETF type fund units symbol GIBEFETF on the BVB Regulated Market.
There are currently 4 other ETFs listed on the BVB: Open Investment Fund ETF BET Patria-Tradeville, from Patria Asset Management, which tracks the performance of the BET index; Open Investment Fund ETF Energie Patria-Tradeville, also from Patria Asset Management, a sector ETF whose benchmark is the BET-NG index; Intercapital BET-TRN UCITS ETF, which tracks the performance of the BET-TRN index and Intercapital SBITOP TR UCITS ETF, which tracks the main stock market index in Slovenia, both launched by InterCapital Asset Management (ICAM).
