XACT launches new exchange traded funds
(Thomson Reuters ONE) - Today XACT Fonder launches two new exchange traded funds on theStockholm Stock Exchange (NASDAQ OMX). The new funds XACT Europe Bull2 and XACT Europe Bear 2 follow the Dow Jones EURO STOXX 50 Index,which tracks the 50 largest stocks in Euroland. The funds have aleverage of two, which means a daily increase in XACT Europe Bull 2with approximately two percent if the index increases with onepercent. XACT Europe Bear 2, which has an inverse or negativeleverage, moves in the opposite direction to the index, with a factorof two. The funds are traded on NASDAQ OMX in SEK and are the only ofits kind in Sweden. The management fee is 0.6%. Handelsbanken,Carnegie and Erik Penser will act as market makers for the funds."XACT Fonder was the first ETF provider in the world to launchleveraged exchange traded funds and today we have a total of eightBull and Bear funds", says Henrik Norén, Managing Director of XACTFonder. "We see a strong demand for these types of products which iswhy we consider it a natural step to also offer European exposure inour Bull and Bear family.""The Dow Jones EURO STOXX 50 Index remains the preferred underlyingfor exchange traded products as it offers liquid exposure to Europe'sleading blue-ship companies in a single vehicle," said RicardoManrique, chief executive officer, STOXX Ltd. "The index is a logicalchoice to expand XACT's lineup of leveraged ETFs".XACT's leveraged ETFs are often among the most traded shares onNASDAQ OMX, Oslo Børs and Burgundy. As the leading provider of ETFson the Nordic market, XACT Fonder currently offers 14 Exchange TradedFunds on the Stockholm Stock Exchange and Oslo Børs.For further information please contact:Henrik Norén, CEO XACT Fonder AB, + 46 8 701 1222http://hugin.info/136145/R/1359097/331186.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 04.12.2009 - 08:45 Uhr
Sprache: Deutsch
News-ID 9262
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