XACT launches eight new exchange-traded funds (ETFs), the largest single listing to date of ETFs with Nordic focus…
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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 (the 120 largest and most traded Nordic companies)
- XACT Bank (the largest Nordic banking and insurance companies)
- XACT Materials (the largest Nordic companies, within the material sector)
- XACT Construction & Real Estate (the largest Nordic construction and real estate companies)
- XACT Energy (the largest Nordic energy companies)
- XACT Consumer Goods (the largest Nordic consumer goods companies)
- XACT Health Care (the largest Nordic health care companies)
- XACT Industrials (the largest Nordic within the industrial sector)
The ETFs are registered in Luxembourg.
Source: ETFWorld – Xact Fonder AB
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