|
Name of the fund |
BUX ETF Fund |
|
Fund type |
Open and, public, index tracking, exhange traded |
|
Benchmark |
BUX Index |
|
Place of registration |
Hungary |
|
Listing |
Budapest Stock Exchange |
|
Date of listing |
December 13, 2006 |
|
Fund manager |
OTP Fund Management Pte. Ltd. |
|
Market maker |
OTP Bank Ltd. |
|
Custodian |
OTP Bank Ltd. |
|
Base currency |
HUF |
|
Minimum trading size |
1 unit |
|
Unit size |
HUF 25.000 |
|
Settlement |
T+2 |
|
Net Asset Value |
Published every 5 seconds by Budapest Stock Exchange |
|
Management fee |
50 bp |
|
Total expense ratio |
ca. 54 bp |
|
Maximum market maker bid-ask spread |
Mid price +/-0.5% or lower |
Why the BUX Index?
The BUX index has been the official blue-chip index of the Budapest Stock Exchange since 1991.
- Free-float weightings - The Budapest Stock Exchange was one of the first in the world to change over from a total market capitalisation base when it adopted the free float base in October 1999.
- Dividends are reinvested - The BUX index is a Total Return Index, and dividends paid by companies in the basket are reinvested in that company’s shares.
- Full market coverage - The BUX index represents 94% of the total market capitalisation and 99% of market turnover of Budapest Stock Exchange.
- Real-time calculation - The BUX is calculated in real time by the BSE every five seconds based on the actual market prices of a basket of shares.
- Derivatives market support - The BUX index is the underlying product for the most liquid futures and option instruments on BSE.