Expat Greece ASE UCITS ETF
Expat Greece ASE UCITS ETF invests in the shares of the companies included in the ASE Index (ATHEX Composite), using sampling method to track the underlying index. This is the main equity index of the Athens Stock Exchange and consists of 60 companies.
Index: ASE Index (ATHEX Composite)
The indicative net asset value of the ETF (iNAV) can be found here (ISIN iNAV DE000A2J0QH4).
The ETF is using the sampling method to track the underlying index, investing in a sample of all ASE companies in proportions closely matching those of the index and within the legal limitations. The objective is to track the dynamics of the underlying index as closely as possible, while minimizing the transaction costs for the investors by not investing in the smallest components of the index which have only minimal contribution to the index’s performance. The return of the fund follows that of the index. I.e. if the Greek market goes up, the market value of the ETF shares would increase proportionally.
How to invest?
The ETF’s shares are traded on the stock exchange as any other shares.
Contact your investment broker or asset manager for support or find the ticker on your trading platform.
Easy and convenient macro play
Investors buy all the companies from the index. There is no need to devote time and resources to analyze, pick and follow individual stocks.
Exposure to the largest and most liquid stocks on the relevant CEE stock exchange. Diversification lowers the volatility of the investment.
The market makers maintain buy/sell quotes and ensure that the shares can be traded at any time. The access of trading on several stock exchanges additionally increases the liquidity.
Low transaction costs
It is cheaper to invest in one instrument rather than in shares of multiple companies.
The Expat ETFs are fully compliant with the UCITS Directive of the European Union.
The ETFs portfolios are published and updated daily on Expat’s website: www.expat.bg.