The listings were welcomed with a strong interest on the market, as the turnover of ETF’s amounted to HRK 4.5m

Tuesday marked what can arguably be considered the most significant event on the ZSE this year, which was the first listing of ETF’s in Croatia. To be specific, InterCapital Asset Management listed two ETF’s – InterCapital CROBEX10tr UCITS ETF (ticker: 7CRO) which replicates CROBEX10tr index, while InterCapital SBI TOP ETF (ticker: 7SLO) replicates SBITOP index. Both mentioned ETF’s are total return ETF’s.

The listings were welcomed with a very solid interest on the market, as the turnover of both ETF’s amounted to HRK 4.5m. Of that, HRK 3.4m relates to the turnover of 7CRO, while HRK 1.1m relates to the turnover of 7SLO.

InterCapital Securities is the market maker on both ETF’s, providing additional liquidity and ensuring that investors, especially retail, can buy or sell their ETF shares at any times. Besides that, we once again note that the brokerage fee for trading these ETF’s is 0% for our clients until the end of 2020.

Last week InterCapital wrote a short ETF Serial, which you can find on the link here (Croatian only).