Romanian asset management company to launch new energy-financial ETF

Globinvest, an asset management company from Cluj-Napoca, is set to launch an exchange-traded fund, or ETF, grouping together companies in the energy sector and several financial companies.

Globinvest, a company with 30 years of experience on the Romanian capital market, will list the new entity on April 28 under the symbol GIBEFETF. Ilie Cenan, Chairman of the Board of the Cluj-based financial asset management company, told Profit.ro that all the needed documentation has been approved.