Stockholm, September 29, 2010 - NASDAQ OMX today starts trading in eight new Exchange traded funds (ETFs) from XACT. All the XACT ETFs are based on NASDAQ OMX indexes and will be traded on NASDAQ OMX Stockholm. The new ETFs are XACT Nordic 120, which tracks 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.
Jenny Rosberg, Senior Vice President at NASDAQ OMX said, "These new ETFs from XACT will make a great addition to both professional and private investors looking for exposure in individual sectors. The ETFs follow new NASDAQ OMX indexes that include all major Nordic listed companies, and also encompass Norwegian shares."
Henrik Norén, Managing Director of XACT Fonder, commented, "ETFs are one of the fastest growing trading products in the world and have with its low fees become attractive instruments also for long-term investments. With this new offering we will be able to meet the increasing demand for ETFs with exposure to Nordic companies."
The following eight new ETFs will be listed on Nasdaq OMX Stockholm as of today:
- ACT Nordic 120 (the 120 largest and most traded Nordic companies)
- ACT Bank (the largest Nordic banking & insurance companies)
- ACT Materials (the largest Nordic companies, within the material sector)
- ACT Construction & Real Estate (the largest Nordic construction & real estate companies)
- ACT Energy (the largest Nordic energy companies)
- ACT Consumer Goods (the largest Nordic consumer goods companies)
- ACT Health Care (the largest Nordic healthcare companies)
- ACT Industrials (the largest Nordic companies within the industrial sector)
About Exchange Traded Funds
An Exchange Traded Fund (ETF) is a security that tracks an index, a commodity or a basket of assets like an index fund, traded like a stock on an exchange. ETFs provide investors with the possibility to invest in well known global indices in the local currency.