News

XACT launches new exchange traded funds

XACT Fonder has launched two new exchange traded funds on the Stockholm Stock Exchange (NASDAQ OMX). The new funds XACT Europe Bull 2 and XACT Europe Bear 2 follow the Dow Jones EURO STOXX 50 Index, which tracks the 50 largest stocks in Euroland.

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The funds have a leverage of two, which means a daily increase in XACT Europe Bull 2 with approximately two percent if the index increases with one percent. XACT Europe Bear 2, which has an inverse or negative leverage, moves in the opposite direction to the index, with a factor of two. The funds are traded on NASDAQ OMX in SEK and are the only of its kind in Sweden.  The management fee is 0.6%. Handelsbanken, Carnegie and Erik Penser will act as market makers for the funds. 

"XACT Fonder was the first ETF provider in the world to launch leveraged exchange traded funds and today we have a total of eight Bull and Bear funds", says Henrik Norén, Managing Director of XACT Fonder. "We see a strong demand for these types of products which is why we consider it a natural step to also offer European exposure in our Bull and Bear family."

"The Dow Jones EURO STOXX 50 Index remains the preferred underlying for exchange traded products as it offers liquid exposure to Europe´s leading blue-ship companies in a single vehicle," said Ricardo Manrique, chief executive officer, STOXX Ltd. "The index is a logical choice to expand XACT´s lineup of leveraged ETFs".

XACT´s leveraged ETFs are often among the most traded shares on NASDAQ OMX, Oslo Børs and Burgundy. As the leading provider of ETFs on the Nordic market, XACT Fonder currently offers 14 Exchange Traded Funds on the Stockholm Stock Exchange and Oslo Børs.    

 

For further information please contact: 
Henrik Norén, CEO XACT Fonder AB, + 46 8 701 1222

Last day to trade XACT F Sweden on the stock exchange is the 17 December 2009

The Exchange Traded Funds XACT FTSE RAFI Fundamental Euro ("XACT F Euro") and XACT FTSE RAFI Fundamental Sweden ("XACT F Sweden") will be closed at year-end.

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December 14, 2009 is the last day to trade fund units on the stock exchange in XACT F Euro and December 17, 2009 is the last day to trade fund units in XACT F Sweden on the stock exchange. For fund holders who have not sold its fund units on these dates by the latest, the fund units will be redeemed and payment will be made to the fund holders' cash account around January 7 and January 11, 2010 respectively.

Until December 14 and December 17, 2009 respectively, trading in fund units will take place as usual; purchase and sale is made on the stock exchange through your broker or bank.

 

 

XACT FTSE RAFI Euro

XACT FTSE RAFI Sweden

Last day to trade on the stock exchange

Dec 14 -09

Dec 17-09

Payment to holders who sold on the stock exchange on the last day

17-dec-09

22-dec-09

Payment  to holders who has not sold its fund units on the stock exchange before December 14 and December 17 respectively

Jan 11-10

Jan 7 -10

XACT Fonder launches new Exchange Traded Funds

On November 6, XACT Fonder listed two new ETFs on NASDAQ OMX Stockholm. The new ETFs, XACT Bull 2 and XACT Bear 2, both track the OMXS30TM-index, which in turn reflects the performance of the 30 most traded shares on NASDAQ OMX.

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The Exchange Traded Funds have a leverage of 2, which means a daily increase in value in XACT Bull 2 of approximately 2% when index increases with 1%. XACT Bear 2, which has a negative or inverse exposure, returns twice the daily inverse of the index return.

"XACT Fonder was the first ETF company in the world to launch leveraged ETFs, the well-known XACT Bull and XACT Bear. The funds, which track the performance of the Stockholm Stock Exchange with a leverage of 1.5, are often among the most traded shares on Burgundy and NASDAQ OMX. These funds are XACT Fonder´s most popular ETFs which is why it is now logical to increase our offer of leveraged Exchange Traded Funds", says Henrik Norén Managing Director of XACT Fonder.  

The Management Fee is 0.6 % p.a. Handelsbanken, Carnegie and Nordea will act as market makers for the funds. 

As the leading ETF Company in the Nordic region, XACT Fonder currently offers 12 Exchange Traded Funds on NASDAQ OMX and Oslo Stock Exchange. 

 

For further information, please contact: 
Henrik Norén, Managing Director XACT Fonder AB, + 46 8 701 1222

Dividend amounts in XACT F Euro and XACT F Sweden

Dividend Schedule: October 12, 2009 - Announcement of dividends October 13, 2009 - Last day to trade fund units including right to dividend October 14, 2009 - Ex day October 16, 2009 - Record day October 21, 2009 - Payment of dividend in XACT F Sweden October 23, 2009 - Payment of dividend in XACT F Euro

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The dividend amounts in XACT F Euro and XACT F Sweden will be; 

 

 

Fund

Currency

Dividend per fund unit

No of oustanding fund units

Total dividend

XACT FTSE RAFI Fundamental Euro

EUR

0.22

250 000

55 000

XACT FTSE RAFI Fundamental Sweden

SEK

0.06

6 300 000

378 000

 

 

Extra dividend in XACT F Euro and XACT F Sweden

Since the funds will be closing down and to avoid double taxation, the funds will pay an extra dividend

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The Exchange Traded Funds will be closed at year end

XACT FTSE RAFI Fundamental Euro (XACT F Euro) and XACT FTSE RAFI Fundamental Sweden (XACT F Sweden) will be closed at year end. The reason for closing is that the funds´ assets under management as well as the turnover are too small. 

Last day to trade fund units on the stock exchange is December 14, 2009 for XACT F Euro and December 17, 2009 for XACT F Sweden.  Fund units that have not been sold on the stock exchange on these days by the latest, will be redeemed on January 7, 2010 (XACT F Sweden) and January, 11 2010 (XACT F Euro) respectively.

The Funds pay an extra dividend

The funds will pay an extra dividend in order to  transferring the taxation of the fund's income to unit-holders, thus avoiding double taxation according to the following schedule;

 

 

Oct 12

The dividend amounts are announced after closing of the market at 5:30 PM

 

Oct 13

 

Last day to trade fund units including right to dividend

 

Oct 14

 

Ex dividend day - The dividend is detached and fund units are traded excluding right to dividend

Oct 21

Payment of dividend in XACT F Sweden

Oct 23

Payment of dividend in XACT F Euro

 


I will receive dividend

In order to receive dividend you must hold the fund units at the end of October 13, 2009. Last day to buy fund units, including right to receiving dividend, is accordingly October, 13. A sale of the fund units can be made the following day, without the effect on right to receiving dividend.

I will not receive dividend

If you will not receive dividend, a sale of fund unit has to be made on October 13, by the latest. The following day you can invest in the fund units again without right to receiving dividend.

On Ex-day the price will fall with the amount of the dividend

All others equal, the price of the fund units will fall with an amount corresponding to the dividend on the Ex-day.

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  • i Source: Millistream
  • Updated Updated 23:30, 2017-10-21
  • i Source: Handelsbanken
  • Uppdated Uppdated 12:16, 2017-10-21
  • Information Source: Handelsbanken
  • Updated Updated 12:16, 2017-10-21

Data source

This information is updated every 15th minute from Millistream. Xact does not assume any liability for errors in the information.

Data source

This information is updated every 15th minute from Handelsbanken. Xact does not assume any liability for errors in the information.