The ETF, traded under the ticker ICWIGETF, initially has less than RON 200,000 worth of units listed on the BVB. Additional units will be issued as demand grows.
The fund was launched in May on the Zagreb Stock Exchange, where its assets reached EUR 13 mln.
“It’s relatively new,” Đivo Pulitika, portfolio manager at InterCapital Asset Management, told Profit.ro, explaining that the firm had previously avoided promoting investments in Poland because measures introduced by the country’s political leadership towards the end of the previous decade had slowed the development of its capital market.
The listing gives Romanian investors access to Poland, an economy worth around EUR 1 trillion, and its stock market, where more than 750 companies are listed.
The Warsaw Stock Exchange has an aggregate market capitalisation exceeding EUR 600 billion and an average daily trading value of around EUR 600 million, according to the figures cited in the report.