Ilirika lists second ETF on Ljubljana Stock Exchange

Ilirika Skladi has introduced its second Exchange Traded Fund (ETF) to the Ljubljana Stock Exchange, the Ilirika Global UCITS ETF. This follows the recent listing of its first ETF, the Ilirika Sbitop TR UCITS ETF, which focuses on the Sbitop index. These launches mark the first time Slovenian-managed ETFs are available on the local stock exchange.

The Ilirika Global UCITS ETF aims to mirror the performance of the MSCI World index. It achieves this by incorporating eight other ETFs managed by some of the world's largest asset management companies. During its initial hour of trading, the fund saw approximately 40,000 euros in transactions, indicating early investor interest.

“

We are talking about the future of investing, which is also coming to Slovenian providers. Slovenians have been lagging behind, and now we will also get closer to Slovenian investors. We will offer them a product that is affordable, accessible, modern, and what the world has already recognized as a good thing.

These ETFs represent a significant development for Slovenian investors, offering a more modern, accessible, and cost-effective way to invest. Vid Pajič, a board member at Ilirika, stated that these products are "the future of investing" and will help Slovenian investors catch up with global trends. He emphasized that ETFs are affordable, accessible, and contemporary, aligning with what the international market recognizes as valuable.

Marko Garbajs and Primož Hajdinjak, executive directors at Ilirika Skladi, explained that ETFs are generally cheaper to manage than traditional mutual funds. They do not require active management and typically lack entry and exit fees. This cost efficiency, combined with their accessibility, is driving their rapid growth globally, particularly in the US where investors are shifting assets from conventional funds to ETFs. Unconfirmed reports suggest Ilirika plans to list additional ETF funds on the stock exchange.

“

In terms of management costs, ETFs are cheaper because they do not require active management and do not have entry and exit fees.