“There has been great interest in a liquid small cap fund from both institutional clients as well as from private investors. XACT Svenska Småbolag, which follows the broad Swedish small cap market, is the first of its kind to provide exposure to Swedish small caps in combination with the ease of ETF trading, liquidity and cost-effectiveness,” says Pär Nürnberg, CEO Xact Kapitalförvaltning AB.
In addition to XACT Svenska Småbolag, XACT Obligation (UCITS ETF), which follows the largest and most creditworthy bond loans in the Swedish market, as well as XACT Råvaror (UCTIS ETF), which is a global commodity fund with a Nordic focus, will also be listed today.
“Broadening the range of assets is key for building well-diversified portfolios based on ETFs. Thus, a natural part of Xact’s business strategy is to also offer fixed income and commodity ETFs. By offering XACT Svenska Småbolag we also expand our coverage of Swedish equity exposure with a new and sought after niche product, thereby covering large-, mid- and Swedish small caps,” concludes Pär Nürnberg.
“Trading on the Nordic ETF market increased by 29% in 2015, measured by the number of transactions, which indicates a high level of interest for these products among investors,” says Helena Wedin, Nordic Sales Director, ETP/ETF, Nasdaq. “We work continuously in our market to increase visibility for our listed companies. It is very exciting that Xact is now able to provide both institutional and private investors the opportunity to follow the performance of our smaller companies through Sweden’s first small cap ETF.”