InterCapital Asset Management, a Croatian independent investment manager with €550 million in assets, is launching a new ETF on the Bucharest Stock Exchange (BVB) starting Tuesday.
The ETF, currently listed in Croatia under the ticker 7GROM, has already raised €5.5 million in under six months.
This ETF, expected to debut by year-end, will track the SBITOPtr index, the primary equity benchmark of the Ljubljana Stock Exchange, comprising nine Slovenian blue-chip stocks.
A market maker plays a crucial role in ensuring the smooth trading of financial instruments, such as ETFs, by continuously quoting buy (bid) and sell (ask) prices.
Since listing on the Bucharest Stock Exchange, more than 350,000 new fund units were issued by InterCapital. The total value of the ETF units traded on BVB overpassed €5.5 million.
The newest ETF on the local capital market will start trading on the Bucharest Stock Exchange on May 29th, 2024, with symbol ICBETNETF.
Romania's annual inflation rate fell to 4.86% in March 2025, down from 5.02% in February, according to data released on Friday by the National Institute of Statistics (INS).
The number of high-net-worth individuals (HNWIs) globally has seen a significant rise, according to Knight Frank's latest Wealth Report.
Nofar Energy, a renewable energy investor listed on the Tel Aviv Stock Exchange, has signed an EPC turnkey and O&M contract for a 265 MW photovoltaic power plant in Corbii Mari.
The Environment Fund Administration (AFM) has announced that 26 recycling plants are set to be built in Romania, backed by funding of RON 674.75 million.
Premier Energy has announced its plans to acquire the remaining 25% stake in True Energy Management for €3 million.