Austrian retail investors gain access to Romanian BET index through InterCapital ETF
InterCapital ETF, the first international ETF provider in Romania, has expanded access to its flagship InterCapital BET-TRN UCITS ETF (ICBET) to Erste Group’s George app in Austria. Investors using the George app in Austria can now access the Romanian capital market by investing in the only ETF listed on the Bucharest Stock Exchange (BVB) that tracks Romania’s main index with dividend reinvestment. ICBET provides exposure to Romania’s leading listed companies and reinvests net dividends, offering a transparent and efficient tool for long-term capital growth.
“Making ICBET available on George in Austria is an important step in our efforts to promote the Romanian capital market beyond its borders. For Romanian expats in particular, this offers a simple and familiar way to invest back into the economy they are connected to. At the same time, it opens a new access point for Austrian investors to gain exposure to one of the region’s most attractive equity markets. We see this as a meaningful contribution to strengthening the visibility and relevance of Romanian-listed companies in international portfolios,” stated Kreso Vugrincic, President of the InterCapital ETF Board of Directors.
This milestone enables Austrian investors, including the significant Romanian diaspora living and working in Austria, to directly invest in Romanian equities via one of the country’s most widely used digital banking apps. The initiative is part of a broader strategic effort by InterCapital ETF to increase cross-border access to Southeast European markets. Apart from the ICBET, the ETFs tracking the Slovenian and Croatian key indices, as well as the InterCapital Euro Money Market UCITS ETF, are also available through George in Austria.
This development builds on the earlier availability of InterCapital ETFs, including ICBET, on Interactive Brokers, one of the world’s most widely used online trading platforms. Through this channel, both Romanian and international investors can access the ETF in euros via its dual listing on the Ljubljana Stock Exchange, further expanding access to Romanian equities.
“The Romanian capital market has evolved significantly in recent years, supported by improving corporate governance, dividend policies, and growing investor interest. Through ICBET, we are providing investors with a transparent and efficient way to participate in this growth story, and we remain committed to supporting the long-term development of the Bucharest Stock Exchange as a key investment destination,” added Kreso Vugrincic.
In Romania, ICBET can be purchased through any authorized local broker, as the ETF is listed directly on the Bucharest Stock Exchange and traded in Romanian leu (RON). Investors using Interactive Brokers globally or the George app in Austria settle trades in euros (EUR).
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About InterCapital ETF
InterCapital ETF is the first ETF manager in both Croatia and Slovenia and the first international ETF provider in Romania. The company currently manages 5 ETFs with over EUR 100 million in assets under management, including: InterCapital Euro Money Market UCITS ETF, InterCapital SBITOP TR UCITS ETF, InterCapital BET-TRN UCITS ETF, InterCapital CROBEX10 TR UCITS ETF, and InterCapital EUR Romania Government Bond 5–10yr UCITS ETF.
InterCapital ETF is part of InterCapital Group, which also includes InterCapital Digital Wealth Management, offering a robo-advisory service through its app, Genius, InterCapital HICP, a real estate-focused alternative investment fund, and InterCapital Securities, the largest broker and market maker in Croatia and Slovenia and a remote member in Romania.