ZAGREB, Nov 17 (Hina) – The first two ETF investment funds on the Zagreb Stock Exchange are available for trading as of Tuesday.
ETF stands for exchange trade fund.
“An ETF is an investment fund whose shares are traded on a stock exchange as any other stock. ETFs represent the fastest-growing category of investment funds in the world. The reasons for the great popularity of these funds lie in the fact that they are simple and low-cost to trade, are very liquid and transparent,” the ZSE says on its web site.
One of the two ETFs invests in Croatian stocks through the replication of the CROBEX10 index, while the other invests in Slovenian stocks through the replication of the SBITOP stock index.
The issuer of these ETFs is InterCapital Asset Management (ICAM).
These ETFs are supposed to make investing in the best Croatian and Slovenian companies easier and more favourable.