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

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• Jak inwestować w ETF-y obligacyjne — przewodnik po funduszach dłużnych
• Dywersyfikacja portfela — co to jest i dlaczego jest ważna

FAQ

Which Polish ETFs are currently listed on GPW?

The GPW listing is dominated by the Beta ETF family from AgioFunds TFI: equity funds covering WIG20TR, mWIG40TR, sWIG80TR, S&P 500, NASDAQ-100 and DAX, plus bond funds Beta ETF TBSP and Beta ETF obligacji 6M. There are also leveraged and short variants on WIG20. The exact, current list of tickers should always be verified against the official GPW instrument page before trading.

Are GPW-listed ETFs UCITS-compliant?

Beta ETFs are Polish-domiciled investment funds regulated under Polish and EU rules; the fund documents (prospectus, KID) state their UCITS status and applicable regulation. Many large foreign ETFs accessible through Polish brokers (e.g. iShares, Vanguard Ireland-domiciled) are UCITS funds. Always check the fund's KID before investing — it is not investment advice from us.

Can I buy GPW ETFs in IKE and IKZE accounts?

Yes — Polish brokers that offer IKE and IKZE typically allow GPW-listed Beta ETFs inside those wrappers. This is attractive because dividends and capital gains inside IKE/IKZE are sheltered from the 19% Belka tax, subject to statutory withdrawal rules. Foreign ETFs may or may not be available in IKE/IKZE depending on the broker.

What is the typical TER of GPW-listed ETFs?

Beta ETFs charge management fees roughly in the 0.40–0.80% per year range, depending on the product, with bond ETFs usually cheaper than equity ETFs. This is more expensive than the cheapest global UCITS ETFs (which start around 0.05–0.20%) but cheaper than most Polish actively managed mutual funds (around 1.5–2.5%). The current TER for each fund is shown in its KID / fund card.

Are GPW ETFs liquid enough for retail investors?

For typical retail order sizes — a few thousand PLN at a time — Beta ETFs on GPW are usually liquid enough thanks to designated market makers quoting bid/ask spreads during continuous trading. Spreads are wider than on flagship global ETFs, so limit orders are preferable to market orders. Liquidity is lowest right after the open and just before the close.