XACT lists the first Swedish fixed income ETFs
(Thomson Reuters ONE) -
XACT is the first market player to list two Swedish fixed income-based ETFs.
XACT Obligation is based on a broad basket of Swedish bonds, while XACT Repo
tracks the Riksbank's repo rate.
"With these two new funds, we can now offer investors a broad range of ETFs with
Nordic exposure to various asset classes." Now it will also be possible to
create complex investment portfolios based solely on ETFs, with all the
advantages of this type of investment in the form of flexibility and low cost,"
says Henrik Norén, Managing Director of XACT Fonder.
XACT Obligation tracks the Handelsbanken Sweden All Bond Tradable Index,
currently based on 37 government, mortgage and municipal bonds with benchmark
status.
XACT Repo tracks the trend of the Riksbank's key rate, the repo rate.
Both ETFs are being listed today on Nasdaq OMX Stockholm. XACT already has 18
ETFs listed on the Stockholm stock exchange, focusing on traditional equity
indexes and commodities.
"Equities, fixed income instruments and commodities in various configurations
are the components of most investment strategies. For example, in Europe today,
around 20 per cent of ETF capital is invested in fixed income instruments", says
Henrik Norén adding:
"Our fixed income ETFs now enable our customers to make short- and long-term
fixed income investments for their portfolios efficiently at low cost."
The low asset management fees, XACT Obligation has an annual fee of 0.19 per
cent and the fee for XACT Repo is 0.14 per cent, will benefit long-term
strategic investments.
For further information, please contact: Henrik Norén, Managing Director, XACT
Fonder AB, Tel. +46 8 701 1222
XACT is the Nordic region's largest issuer of ETFs and currently manages assets
of just over SEK 21 billion, spread over 24 ETFs. XACT Fonder was formed in
2000 by the then OM Gruppen AB (now NASDAQ OMX AB), the same year as the first
exchange-traded fund (ETF) was launched in Europe. In 2004, the company was
acquired by Handelsbanken, and since then it has been a wholly owned subsidiary
of Handelsbanken. XACT became the first player in the world to offer leveraged
ETFs, when XACT Bull and XACT Bear were launched in 2005. The average daily
turnover for XACT's ETFs is around SEK 1 billion.
Press release (PDF):
http://hugin.info/136145/R/1498028/433755.pdf
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originality of the information contained therein.
Source: XACT Fonder AB via Thomson Reuters ONE
[HUG#1498028]
Unternehmensinformation / Kurzprofil:
Datum: 18.03.2011 - 13:53 Uhr
Sprache: Deutsch
News-ID 52567
Anzahl Zeichen: 3184
contact information:
Town:
Stockholm
Kategorie:
Business News
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"XACT lists the first Swedish fixed income ETFs"
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