The Warsaw Stock Exchange is getting its first Exchange Traded Fund, created by Lyxor Asset Management and linked to the bourse’s blue chip WIG20 index.
The fund will begin trading on Wednesday, and will be aimed mainly at retail investors, although there has been significant interest from international and institutional investors, said Isabel Bourcier, the global head of ETF for Lyxor, a Société Générale subsidiary.
Ms Bourcier said that Lyxor is already seeking regulatory approval for further offerings on the WSE.
ETF trading is the latest new venture for the exchange, which is trying hard to expand its range of products in order to retain its lead as the region’s largest bourse. In recent years the WSE has created an alternate market for small companies, a bond trading platform, and brought in short selling.
So far in 2010, the WIG20 has risen by 6 per cent.
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