XACT launches eight new exchange-traded funds (ETFs), the largest single listing to date of ETFs with Nordic focus.
The new ETFs are XACT Nordic 120, which tracks the NASDAQ OMX index consisting of the 120 largest and most traded Nordic companies, and seven sector ETFs tracking the largest listed Nordic companies within the sectors bank & insurance, material, construction & real estate, energy, consumer goods, health care and industrials.
"With our new listing, we will now be able to meet the increasing demand for ETFs with exposure to Nordic companies," says Henrik Norén, Managing Director of XACT Fonder, the world's largest provider of ETFs with a Nordic focus.
ETFs are one of the fastest growing investment forms in the world. XACT's new ETFs offer unprecedented opportunities for investors with a focus on the Nordic market.The new sector-ETFs offer investors the possibility to create a portfolio according to their own market view on key sectors in the Nordic economies. XACT's ETFs track NASDAQ OMX's Nordic sector indices, with the largest Nordic companies within the selected sectors.
"The new ETFs are aimed at all types of investors and are also attractive to retail investors, who can now take positions in selected sectors and diversify their exposure to risk," says Jenny Rosberg, Executive Vice President at Nasdaq OMX.
The following eight new ETFs will be listed on the Nasdaq OMX Nordic on September 29:
XACT Nordic 120
XACT Construction & Real Estate
XACT Consumer Goods
XACT Health Care
The ETFs are registered in Luxembourg.
For further information, please contact:
Henrik Norén, Managing Director XACT Fonder + 46 8 701 1222.
XACT is the largest issuer of ETFs on the Nordic market and currently manages SEK 20 billion in 12 ETFs.
XACT Fonder was founded in 2000 by then OM Gruppen AB (now Nasdaq OMX), the same year as the first exchange-traded fund (ETF) was launched in Europe. In 2004, the company was acquired by Handelsbanken and has since then been a wholly owned subsidiary of Handelsbanken. XACT was the first issuer in the world to offer leveraged ETFs with XACT Bull and XACT Bear, launched in 2005. The daily turnover in XACT ETFs averages around SEK 1 billion.