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.
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