ETFs on GPW — What they are and which funds are available

Quick Answer

ETFs on GPW are exchange-traded funds listed on the Warsaw Stock Exchange that track a chosen market index and are bought like stocks through a brokerage account during trading hours. The listing is dominated by the Beta ETF family from AgioFunds TFI, covering Polish equities (WIG20TR, mWIG40TR, sWIG80TR), foreign indices in PLN (S&P 500, NASDAQ-100, DAX) and bonds (TBSP, obligacji 6M). Their appeal is low cost (TER ~0.15-0.80%), instant diversification, transparency and the ability to hold them inside IKE and IKZE accounts. This is educational information, not investment advice.

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What is an ETF?

An ETF (Exchange-Traded Fund) is an investment fund listed on a stock exchange that tracks a selected market index. You buy ETF units like stocks — through a brokerage account during trading hours.

ETFs available on GPW

The Warsaw Stock Exchange mainly lists funds from the Beta ETF family managed by AgioFunds TFI:

• Beta ETF WIG20TR — 20 largest Polish companies
• Beta ETF mWIG40TR — medium-sized Polish companies
• Beta ETF sWIG80TR — small Polish companies
• Beta ETF S&P 500 — 500 largest U.S. companies (in PLN)
• Beta ETF NASDAQ-100 — U.S. technology companies
• Beta ETF DAX — 40 largest German companies
• Beta ETF TBSP — Polish government bonds
• Beta ETF obligacji 6M — short-term bonds

Why are ETFs popular?

1. Low costs — TER from 0.15% to 0.80% annually (vs. 1.5-3% in traditional funds)
2. Diversification — Get the entire index with one purchase
3. Transparency — You know exactly what's in the portfolio
4. Liquidity — Buy and sell like stocks
5. Accessibility — Through any brokerage account, including IKE and IKZE

What to pay attention to?

• TER — Annual management fee
• Tracking difference — How well the ETF tracks the index
• Accumulating vs. distributing — Reinvests dividends or pays them out
• Liquidity — Polish ETFs have lower liquidity than foreign counterparts

Foreign ETFs available through Polish brokers

While not listed on GPW, many brokers (XTB, mBank, DM BOŚ) offer access to ETFs from Xetra, Euronext, or LSE — including popular Vanguard FTSE All-World (VWCE) or iShares Core MSCI World (IWDA).

How Freenance can help

Freenance lets you track ETFs from GPW and foreign exchanges in one portfolio. You see allocation, value, and Runway — without jumping between platforms.

👉 Track your ETFs with Freenance — freenance.io

Related Articles

• Przewodnik po ETF-ach na GPW — porównanie wszystkich dostępnych funduszy
• Jak inwestować w ETF-y obligacyjne — przewodnik po funduszach dłużnych
• Dywersyfikacja portfela — co to jest i dlaczego jest ważna

FAQ

What is Beta ETF WIG20lev and Beta ETF WIG20short?

Beta ETF WIG20lev is a leveraged ETF that aims to deliver roughly 2x the daily return of the WIG20 index, while Beta ETF WIG20short targets the inverse (-1x) daily return. Both reset their exposure daily, so over longer holding periods the result drifts away from "2x" or "-1x" of the underlying index due to compounding. These instruments are designed for short-term tactical positioning, not long-term buy-and-hold investing.

How does Beta ETF TBSP work?

Beta ETF TBSP tracks the Treasury BondSpot Poland index, which represents a basket of liquid Polish government bonds (Treasury bonds) with various maturities. The fund offers exposure to PLN-denominated sovereign debt without picking individual bond series yourself. Its value reflects bond price movements driven by interest rate expectations and Polish credit risk.

Is there an MSCI Poland ETF available on GPW?

There is no dedicated MSCI Poland ETF listed directly on GPW; the closest local proxy is Beta ETF WIG20TR (large caps) or mWIG40TR (mid-caps). Foreign-listed MSCI Poland ETFs (for example iShares MSCI Poland) trade on US or German exchanges and can be accessed through Polish brokers that offer foreign markets. They differ from WIG20TR in index methodology, currency exposure and TER.

Can I hold Beta ETFs in IKE or IKZE?

Yes — Beta ETFs are listed on GPW and can usually be held in IKE and IKZE accounts at Polish brokers that support GPW instruments in those wrappers. Inside IKE/IKZE, capital gains and dividends are sheltered from Belka tax (subject to standard withdrawal conditions). Always confirm the specific instrument list with your account provider.

What is the difference between a TR ETF and a price-only ETF?

"TR" stands for Total Return — the index (and the ETF tracking it) reinvests dividends, so the published value reflects price changes plus dividend income. A price-only index ignores dividends, so its long-term chart understates the actual return for a buy-and-hold investor. Beta ETF WIG20TR, mWIG40TR and sWIG80TR are all total-return products.

Can I access foreign ETFs if I only have a Polish broker?

Yes. While funds like Vanguard FTSE All-World (VWCE) or iShares Core MSCI World (IWDA) are not listed on GPW, many Polish brokers — including XTB, mBank and DM BOŚ — offer access to ETFs from Xetra, Euronext or LSE. This lets you combine GPW-listed Beta ETFs with broader foreign-listed funds in the same overall portfolio.