SAI Broker, a Romanian investment management company, part of BRK Financial Group, listed today, May 16, a new ETF on the Regulated Market of the Bucharest Stock Exchange (BVB) with the stock symbol BKBETETF. The Open-Ended Investment Fund ETF BET BRK aims to fully replicate the structure of the main index of the Bucharest Stock Exchange, the BET index.
It is the second ETF that tracks the performance of the BET index and the sixth ETF available for trading on the Regulated Market of the Bucharest Stock Exchange.
BET, the first index developed by BVB, is the benchmark index of the Romanian capital market. The BET index reflects the evolution of the most liquid Romanian companies listed on the BVB Regulated Market. It is a price index weighted by the free float capitalization of the included companies, the maximum weight of a symbol in the index being 20%. The calculation methodology of the BET index is available on the BVB website at this link.
The capitalization of all companies listed on the main segment of the stock exchange is RON 375 billion. At the same time, the capitalization of Romanian companies that are part of the BET index accumulates approximately RON 200 billion, respectively approximately 53% of the total capitalization of the main segment of the stock exchange. In terms of yield, from launch to the present, the BET index has increased more than 16 times. In the last 10 years, the BET index has doubled, with a yield of 118%. Compared to the same period of the previous year, the BET index shows a decrease of 4.7%, and since the beginning of the year the correction is 1%.
“We are seeing a growing interest from investors in fund units, with over 900,000 people preferring these financial products. In this context, the launch of a new ETF on the local capital market is more than welcome. Investors at BVB now have six investment funds at their disposal, and the one that entered trading today is more attractive as it tracks the performance of BET, the main index of the Romanian stock exchange. With the new ETF launched by SAI Broker, alongside the other ETFs available on the stock exchange, I am confident that we will soon reach the milestone of 1 million people indirectly investing at BVB and we will see this number continue to grow,” said Radu Hanga, President of the Bucharest Stock Exchange.
“The fact that the Romanian capital market offers various investment options, such as the new ETF launched by SAI Broker, shows that the Bucharest Stock Exchange is developing harmoniously and increasingly responding to investors’ preferences. We need a stock exchange that allows for the diversification of financial products that people can include in their portfolios. I am confident that exposing investors to the most liquid companies listed on the BVB, through the ETF that fully replicates the structure of the BET index, will increase interest in investing in fund units and increase presence on the stock exchange. Moreover, fund units represent the most accessible way to enter the world of investments, therefore, we expect the recently launched ETF to be well received by the investor community,” mentioned Adrian Tanase, CEO of the Bucharest Stock Exchange.
”By listing the BET BRK ETF, we aim to provide investors with a modern, efficient, and accessible tool that facilitates exposure to the most important companies on the Romanian capital market. This initiative marks a significant step in diversifying investment opportunities on the Bucharest Stock Exchange (BVB), encouraging individual investor participation and contributing to the development of a more dynamic capital market.
We firmly believe that expanding access to innovative financial products plays a key role in sustainable growth of the market. The launch of this ETF underscores our ongoing commitment to offering high-performance investment solutions based on transparency, liquidity, and cost optimization. While such funds are not entirely new to the market, they are perfectly suited to meet the current needs of investors and complement the existing range of instruments by providing additional opportunities for diversification and growth,”, stated Adrian Danciu, CEO SAI Broker.
”BRK Financial Group assisted the issuer in the listing process of the BKBETETF, a group-wide project marking an important step in promoting passive investments. ETFs offer easy access, diversification, and liquidity, making them increasingly relevant for local investors. With the strongest expertise in equity market making — where we are the market leader — our role as market maker for this ETF is a natural extension. We aim to provide the most competitive trading conditions among local ETFs, with tight spreads and attractive volumes,” said Monica Ivan, CEO BRK Financial Group.