InterCapital Asset Management to list ICSLO and ICCRO on the Ljubljana Stock Exchange, trading to start on 10 February 2022.
Ljubljana Stock Exchange has announced the listing of two new open-end funds on its website, the ICSLO (SBITOP ETF) and ICCRO (CROBEX10 ETF), by InterCapital Asset Management.
The ICSLO (InterCapital SBI TOP UCITS ETF) will be traded on the regulated market, with the starting number of issued units at 230,373, with a NAV per fund share of EUR 20.9911. The price will be listed in euros, and the minimal block trade size will be EUR 1m. ICSLO will start trading on February 10th, 2022.
The ICCRO (InterCapital CROBEX10tr UCITS ETF) will also be traded on the regulated market, with the starting number of issued units at 283,754, with a NAV per fund share of EUR 16.7347. The price will be listed in euros, and the minimal block trade size will be EUR 1m. ICCRO will start trading on February 10th, 2022.
As a reminder, InterCapital’s two ETFs that are tracking indexes SBI TOP and CROBEX10tr have already been trading on the Zagreb Stock Exchange (ZSE) for over a year (since 17th November 2020) under the name 7SLO and 7CRO. Since its inception, the market cap of combined ETFs reached HRK 72.17m. At the same time, 7SLO experienced a turnover of HRK 48.5m, while 7CRO had a turnover of HRK 32.6m. Simultaneously, since these ETFs are total return (meaning that all dividends they had to date were re-invested immediately, which voids the dividend tax), they had returns of 56.9% (7SLO) and 23.8% (7CRO) as compared to their index counterparts SBITOPtr and CROBEX10tr, they would have app. the same return. But when you would compare them to SBIT TOP and CROBEX10, which had returns of 52.1% and 22.9% in that time, you can see a difference (due to the aforementioned total return policy). If the observed period was longer, the difference between these indices (SBI TOP and CROBEX10) and the 7SLO and 7CRO ETFs, respectively, would be even larger.
7CRO and 7SLO performance vs. SBITOP and CROBEX10 since 7SLO and 7CRO inception (%)