press center press release

NASDAQ OMX starts trading in two new ETFs from XACT Fonder

Published

Stockholm, November 6, 2009 — NASDAQ OMX Stockholm AB, part of the NASDAQ OMX Group (NASDAQ:NDAQ), today starts trading in two new exchange traded funds (ETFs), XACT Bull 2 and XACT Bear 2. The two ETFs issued by XACT Fonder are based on the OMXS30 (OMX Stockholm 30) index which reflects the performance of the 30 most traded shares on NASDAQ OMX Stockholm. The OMXS30 index is in 2009 the third most traded domestic index in Europe with more than 400 million derivatives contracts since its start in 1986. XACT Bull 2 and XACT Bear 2 are leveraged exchange traded funds that offer twice the return of the daily change in the underlying OMXS30 index. Hence, for XACT Bull 2, which has a positive exposure against OMXS30, a daily index increase of 1% means an increase in value of 2%. For XACT Bear 2, which has a negative exposure against OMXS30, a 1% a daily index decrease generates a 2% value return. The leverage increases the potential return but also the risk level. Jenny Rosberg, Deputy CEO at NASDAQ OMX Nordic said, “These two new products from XACT Fonder will make a good addition to our offering of exchange traded funds and continue to attract investor interest to this exciting market. In 2009 we have seen a significant increase in ETF trading compared to the same period last year, proving that this is a market with great growth potential”. About Exchange Traded Funds An Exchange Traded Fund is a security that tracks an index, a commodity or a basket of assets like an index fund, but trades like a stock on an exchange. ETFs are a complement to actively managed funds and provide investors with the possibility to invest in well known global indices in the local currency. In the US, ETFs represent one of the most traded instruments with an annual total turnover of over 9000 billion USD in 2008. In Europe it is one of the fastest growing instruments in recent years and has more than ten folded its turnover since 2002, reaching an annual turnover of over 400 billion EUR in 2008. ETFs have been available in the US since 1993 and in Europe since 1999. About NASDAQ OMX The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with over 3,700 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. NASDAQ OMX Group Inc., including any of its affiliates (collectively, "NASDAQ OMX"), has not passed on the merit of any of these securities or endorsed or sponsored any of these securities. The information in the linked webpage is provided for informational purposes only and should not be construed as investment advice, either on behalf of a particular security or an overall investment strategy. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED. All information contained in the linked webpage is from sources which by NASDAQ OMX are deemed to be accurate and reliable. NASDAQ OMX is not responsible for any errors or missions. NASDAQ OMX makes no representations and disclaims all express, implied, and statutory warranties of any kind to user and/or any third party including warranties as to accuracy, timeliness, completeness, merchantability, or fitness for any particular purpose. - # - Media Contacts: Anna Rasin +46 8 405 66 12 anna.rasin@nasdaqomx.com Carl Norell +46 8 405 66 39 carl.norell@nasdaqomx.com

In This Story

Nasdaq Press Center

Read the latest press releases, request a press kit, and get in touch with our press team.

learn more