Trading lots will in practice be discontinued for exchange traded funds

Stockholm 2 January 2008 Press release Trading lots will in practice be discontinued for exchange traded funds

Read more

Today, 2 January 2008, the OMX Nordiska Börs Stockholm (the Stockholm Stock Exchange) list of exchange traded funds will have new trading lots. The trading lots will be reduced for all listed funds to one (1) unit, and thus the trading lots are in practice discontinued. Previously, the size of the trading lots varied between 25 and 100 fund units depending on the fund, which involved the value of the trading lot varying from about SEK 2,300 to 17,000. “The fact that the trading lot is set at one unit makes it easier to trade individual units and odd lots. This improvement will primarily benefit private individuals and small investors who have found it to be inconvenient with high-value trading lots,” says Jacob Sternius, product developer at Xact Fonder. “This is in line with the international standard for ETFs (Exchange Traded Funds) which are traded like this in Germany, France and Italy, for example.”

Short name of fund

New trading lot

Price per unit* and thus the new trading lot

Former trading lot

Approximate value of the former trading lot*

Xact OMXS30

1

108 SEK

50

5,379 SEK

Xact OMXSB

1

336 SEK

50

16,804 SEK

Xact Nordic 30

1

9 EUR

100

871 EUR

Xact F Euro

1

66 EUR

25

1,647 EUR

Xact F Sweden

1

46 SEK

50

2,307 SEK

Xact BULL

1

170 SEK

50

8,513 SEK

Xact BEAR

1

51 SEK

50

2,546 SEK

*Based on NAV 28 Dec 2007

 

 

 

Exchange traded index funds are primarily characterised by trading in real time and low fees. Thus, the funds are suitable for investors with both long and short investment horizons. For more info, please contact: Jacob Sternius, Xact Fonder AB, phone: +46 8 701 81 77.