The Polish Financial Supervision Authority on July 12th this year approved the prospectuses of two subsequent closed-end portfolio investment funds: Beta ETF WIG20lev and Beta ETF WIG20short.
The new funds are characterized by a more complex investment policy than the previously approved by the PFSA Beta ETF WIG20TR and Beta ETF mWIG40TR. Therefore, newly created investment products could be used by investors interested in more complex investment strategies.
Similarly to the creation of the first Polish closed-end portfolio fund, the SPCG Law Firm acted as legal advisor in the process related to the creation of the Fund, obtaining the PFSA authorization and approval of the prospectus for Series A Certificates and Certificates of Series B Fund prepared in connection with the public offer of these certificates, applying for their admission and introduction to trading on the regulated market organized by the WSE.
The fund has been created by AgioFunds TFI in cooperation with the Brokerage House of Bank Ochrony Środowiska acting as the offering entity.