XACT Fonder launches new Exchange Traded Funds

(Thomson Reuters ONE) - On November 6, two new Exchange Traded Funds from XACT Fonder will belisted on NASDAQ OMX. The new ETFs, XACT Bull 2 and XACT Bear 2, bothtrack the OMXS30(TM)-index, which in turn reflects the performance ofthe 30 most traded shares on NASDAQ OMX. The Exchange Traded Fundshave a leverage of 2, which means a daily increase in value in XACTBull 2 of approximately 2% when index increases with 1%. XACT Bear 2,which has a negative or inverse exposure, returns twice the dailyinverse of the index return."XACT Fonder was the first ETF company in the world to launchleveraged ETFs, the well-known XACT Bull and XACT Bear. The funds,which track the performance of the Stockholm Stock Exchange with aleverage of 1.5, are often among the most traded shares on Burgundyand NASDAQ OMX. These funds are XACT Fonder's most popular ETFs whichis why it is now logical to increase our offer of leveraged ExchangeTraded Funds, says Henrik Norén Managing Director of XACT Fonder.The Management Fee is 0.6 % p.a. Handelsbanken, Carnegie and Nordeawill act as market makers for the funds.As the leading ETF Company in the Nordic region, XACT Fondercurrently offers 12 Exchange Traded Funds on NASDAQ OMX and OsloStock Exchange.For further information, please contact:Henrik Norén, Managing Director XACT Fonder AB, + 46 8 701 1222http://hugin.info/136145/R/1352653/327319.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

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Bereitgestellt von Benutzer: hugin
Datum: 05.11.2009 - 09:00 Uhr
Sprache: Deutsch
News-ID 7954
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