May 27 (SeeNews) - Bulgaria's Financial Supervision Commission said that is has asked local Expat Asset Management to provide further documents and information regarding its request for permission to set up a new open-end mutual fund - Expat Bulgaria Short SOFIX.
Expat Asset Management intends to list the fund for trading on the Bulgarian Stock Exchange once its set up, according to a statement published by the financial regulator last week.
The SOFIX is the blue-chip index of the Bulgarian Stock Exchange, which follows the performance of the 15 most liquid and capitalised stocks on the bourse.
Expat Asset Management currently manages 11 exchange-traded funds (ETFs), tracking the blue-chip indices of stock exchanges in 11 countries in Central and Eastern Europe - Poland, the Czech Republic, Slovakia, Hungary, Slovenia, Croatia, Serbia, North Macedonia, Romania, Bulgaria and Greece.
The company also manages three mutual funds with global focus.
Expat Asset Management is a unit of local Expat Capital.