Erste lists first turbos on Romanian exchange

General Motors forms its own venture capital fund

Rebecca Hampson
09 Jul 2010

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The Bucharest Stock Exchange (BVB) started trading nine individual certificates issued by Erste Group Bank (EGB) on 8 April 2010. The issues are made up from three index and six turbo certificates giving investors the option of safe or riskier investment. All certificates participate in either oil, gold or the Dax.

The turbo certificates are made up of three long options and three short options. "Some of our investors wanted to have more products like turbo certificates, with the possibility to

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