ETF BET Patria-Tradeville is an Exchange Traded Fund (ETF) that trades on the Bucharest Stock Exchange and tracks the performance of the main stock exchange index, BET. Choose this fund if you invest in the stock market and want to benefit from the growth of the main listed companies.
ETF BET Patria-Tradeville aims to replicate the evolution and performance of BET index, the main index of Bucharest Stock Exchange. It includes the most important private or state-owned companies listed on the stock exchange, from various industries. The Fund is listed on Bucharest Stock Exchange and traded under the symbol TVBETETF.
Willing investors may invest in the Fund easily and fast via SSIF Tradeville (www.tradeville.ro) or any intermediary authorized to trade on Bucharest Stock Exchange (full list here).
Thus, with a smaller or larger amount, any investor may rapidly purchase and indirectly hold a diversified basket of important companies for the national economy, gaining benefits from their growth and performance. Additional information on BET index is available here.
Find here a presentation of fund ETF BET Patria – Tradeville published in April 2024 which includes the fund’s advantages, returns and other information and statistics.
Exchange Traded Funds are open-end investment funds that, in accordance with local laws, aim to replicate the structure and performance of a given index as accurately as possible. The gap between the fund unit price on the stock exchange and the NAV is much lower than in case of other closed-end funds, which is due both to the presence of a market-maker (SSIF Tradeville), as well as to the special subscription and repurchase mechanism. Fund’s trading symbol on the stock exchange is TVBETETF.
ETFs are modern instruments that allow the replication of the average performance of a stock exchange market or some of its segments.
The two ETFs managed by SAI Patria offer indirect exposure to the performance and growth of the most important companies listed on BSE.
Simple investment process, time saving and low effort made to benefit from stock exchange performance.
Liquidity and immediate access to cash due to BSE listing and using a market-maker. Thus, fund units may be purchased and sold on the stock exchange via any intermediary authorized to trade on BSE.
Risk reduction due to diversification, as compared to investments in individual issuers.
The policy of the two ETFs managed by SAI Patria Asset Management is to reinvest the dividends received from portfolio companies (leading to additional performance for investors).
The two ETFs allow very low investments, equivalent to a single fund unit.
Safety – the shares held by the two funds are safely kept by their depositary, BRD – Groupe Societe Generale.
BET is the first index developed by Bucharest Stock Exchange and the reference index of the local capital market. BET is calculated as a weighted average of the prices of its constituent shares and reflects the evolution of the most traded companies on the regulated market operated by the BSE, excluding financial investment companies. BET is a free float market capitalization weighted index, the maximum weight of a company being 20%. The index’s constituent companies and structure are reviewed quarterly and whenever necessary by BSE Index Commission.
BET index, used as underlying asset by ETF BET PATRIA-TRADEVILLE, is a share index calculated and published by Bucharest Stock Exchange (hereinafter referred to as BSE), and the name of BET index is protected as BSE registered trademark. The description, rules and current structure of BET Index are available online on www.bvb.ro. The Issuer was granted a non-exclusive license to use BET index to create financial products based on a license agreement concluded with Bucharest Stock Exchange.
Details regarding the structure and performance of BET index are available here.
Additional details regarding the Fund and its performance may also be found on Bucharest Stock Exchange website, here.
ETF BET Patria – Tradeville Fund is managed by SAI Tradeville. SAI Patria Asset Management is the Fund’s manager and SSIF Tradeville is the authorized participant in relation to the Fund. The Fund has been authorized by FSA by authorization no. 606 / 09.07.2012 and is registered in the FSA register under no. CSC06FDIR/400080/09.07.2012. Fund’s depositary is BRD – Groupe Societe Generale.