The ETF BET Patria – Tradeville exceeded the value of 400 million lei in total net assets in July 2024, the asset registering a 136% increase, from 171 million lei at the end of 2023, according to a release.
The ETF BET Patria – Tradeville fund is managed by SAI Patria Asset Management, a member company of the Patria Bank Group and is the first Exchange Traded Fund in Romania. This is currently the largest ETF established in the Central and Eastern European region (excluding Russia). The fund invests in the 20 most important stocks listed on the Bucharest Stock Exchange (BVB), with the strategy of replicating the structure and performance of the stock exchange’s main index, BET. Through its strategy, ETF BET Patria – Tradeville offers the public a simple and modern alternative to invest in the stock market and benefit from the performances of the most important listed Romanian companies, including from the energy sector.
The fund’s total net assets increased by 136.3% in 2024, from 170.5 million lei on December 31, 2023 to 403 million lei on July 29, 2024.
Over the last three years ended June 30, 2024, the total net assets of the BET Patria – Tradeville ETF increased by 1,400.8% (representing an increase of more than 15 times), compared to an average increase in the assets of all open-end equity funds from Romania by 121.4% and compared to an average decrease in the assets of all open investment funds in Romania by 2.2% in the same period, according to data published by the Association of Fund Managers in Romania (AAF).
The number of investors in the BET Patria – Tradeville ETF fund was 23,377 at the end of June 2024, up 53.3% from the end of last year and 896.0% over the last three years.
“We are pleased to offer investors a modern tool to access stock market performance. The increase in the asset of our ETF on the BET index and the number of investors in it shows that the fund is achieving its goal of being an easy-to-use tool for a growing number of people interested in investing in the stock market,” said Răzvan Pașol, director general of SAI Patria Aseet Management.
The fund’s return to investors, measured as a change in unit value, was +46.9% over the past 12 months ended July 29, 2024, and +78.6% over the past three years ended on the same date. Performances shown are net, after costs paid by the fund.