InterCapital Asset Management Plans ETF Launch on Bucharest Stock Exchange to Replicate BET Index

InterCapital Asset Management, the largest independent investment manager in Croatia with around EUR 400 million under management, is preparing to launch a new ETF (exchange-traded fund) that replicates the local index BET. The fund was initially listed on the Zagreb capital market on May 31 and has already attracted assets of EUR 6.5 million. InterCapital aims to list the ETF on the Ljubljana stock exchange in the next two weeks before proceeding with the listing on the Bucharest Stock Exchange. CEO Ivan Kurtovic expressed the company’s determination to complete the necessary preliminary requirements to make the ETF available to investors in Romania as soon as possible.