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Polish group supports ETF product development

AgioFunds TFI is to issue Poland’s first ETF, with Dom Maklerski BOŚ acting as the first offeror and market maker of the Beta ETFs.

The Warsaw Stock Exchange has also seen representatives of GPW, AgioFunds TFI, Israeli-backed Beta Securities Poland and Dom Maklerski BOŚ sign a memorandum of understanding to support product development on the Polish capital market and to educate investors.

“The Warsaw Stock Exchange is working to develop new financial products to make the Polish capital market more attractive, as demonstrated by the memorandum of understanding we have signed today with AgioFunds TFI and DM BOŚ,” says GPW CEO Marek Dietl. 

“I hope that the co-operation of the Polish fund manager and the Israeli investor will boost interest in GPW’s product offer.”

Beta Securities Poland, in partnership with AgioFunds TFI and DM BOŚ, are working to develop and launch Beta ETFs, GPW’s first ETFs replicating the main indices of Polish and international stocks and bonds. Beta Securities is owned by Israeli financiers, who are participating in the development of ETFs in Poland.

The Beta ETFs based on WIG20TR addresses the needs of investors, the exchange writes. It is the first product of this kind to be issued under Polish law, developed and managed by Polish experts using the experience of Israel’s advanced ETF market. 

“It is an easy and transparent way for investors to participate in the value and development of Polish blue chips participating in WIG20TR, the total return index which includes dividends paid to shareholders. Dividends add in the long term to the value of WIG20TR,” says the exchange.

 “Our objective is to offer a recognised, proven investment instrument which is popular on the markets all around the world owing to its broad range of applications. ETFs are a leading segment of the capital markets on all of the biggest stock exchanges, as well as being a central part of investment portfolios. The global ETF market is worth more than USD 5,000 billion and includes over 5,700 ETF products which replicate a range of stock, bond, and commodity indices. ETFs are flexible, transparent, real-time instruments. We are planning to launch more ETFs next year,” says Robert Sochacki, Management Board Member of Beta Securities Poland.

GPW now lists three ETFs issued by Lyxor Asset Management.

GPW writes that the Beta ETFs are a good choice for investors interested in transparent low-cost investment products, and for financial advisors and asset managers who look for quick and efficient ways to build well-performing investment portfolios.

“I do believe that the co-operation in the development of ETFs will soon prove effective, attracting new Polish and international investors to our capital market. We are planning further initiatives, including education and marketing, to support the development of the ETF market in Poland,” says Marek Dietl.

“Although our ETFs are not yet available for sale, we already see huge interest,” says Adam Dakowicz, CEO of AgioFunds TFI. “Investors are asking about the operating procedures, the launch date, and the plan to implement more ETFs. This is all very encouraging.”

Radosław Olszewski, CEO of DM BOŚ, says: “We boast many years of experience and active engagement as a market maker. We will take care of liquidity so investors may successfully invest and divest on the secondary market. We believe in the strong growth potential of Poland’s ETF market. We expect more ETFs to be launched in order to activate more investors.” 

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