TFI PZU launches two Polish government bond ETFs on Warsaw Stock Exchange

Two new exchange‑traded funds managed by TFI PZU were listed on the Warsaw Stock Exchange. The PZU ETF Obligacji Skarbowych Długoterminowych Portfelowy FIZ tracks long‑duration, fixed‑coupon Polish sovereign bonds, while the PZU ETF Obligacji Skarbowych Zmiennokuponowych Portfelowy FIZ invests in variable‑rate Polish government bonds.

Both funds use a physical replication strategy and are benchmarked to Polish bond indices (75% GPWB‑B5Y and 25% GPWB‑B3Y5Y for the long‑duration fund; GPWB‑BWZ for the floating‑rate fund). Management fees are set at 0.25% and 0.20% per year respectively, and TFI PZU has waived these fees through the end of 2026. The launch expands PZU’s ETF suite, which already includes Polish equity, global equity, and gold products, offering investors diversified, low‑cost exposure to the domestic bond market.