Since the spring of 2021, Patria AM has been managing the only ETF (exchange traded fund) on the local market, namely, ETF BET Patria-TradeVille.
The fund offers exposure on the Bucharest Stock Exchange by replicating the benchmark index BET, which includes the 20 most liquid companies listed on the Bucharest Stock Exchange. The five main holdings are Fondul Proprietatea (20.5%), Banca Transilvania (19.2%), OMV Petrom (16.5%), Romgaz (9.2%) and BRD – Groupe Société Générale (7.6%).
The ETF has 7,217 private individual investors and 41 legal entities. Overall, the assets reach RON76 million, from almost RON63 million at mid-2022, which translates into an increase of 20.6%.
The net asset value (NAV) per unit is RON18.27, higher by 2% than the value in early July 2022, as per stock market data.
Over the last 12 months, the fund has had a +0.4% yield amid deals worth RON55.4 million. By comparison, the BET index is minus 7% during the same period.