Athens Exchange S.A.: the first multimarket ETF on the new Greek Turkish Index GT30
Athens Exchange S.A.: The First Multimarket ETF On The New Greek Turkish Index GT30
The calculation of GT30, the common index of Athens and Istanbul Stock Exchanges started on 28th September 2009. GT30 is calculated by STOXX Ltd and represents the trend of the thirty biggest in terms of capitalization shares of the two exchanges.
NBG Asset Management S.A. is going to issue the first multimarket ETF tracking the new Greek Turkish index GT30. The creation of the product as well as its launch in the Greek market will take place in the beginning of 2010.
This ETF gives investors the opportunity to invest simultaneously in the two markets with just one trade. Easy access to foreign markets is launched this way, with Turkey being the first one.
The issue of new ETFs listed in ATHEX, facilitates the approaching of investors? needs in a more versatile manner and making access in foreign markets simple and flexible.