Stockholm, March 21, 2011 — NASDAQ OMX Stockholm, part of the NASDAQ OMX Group (NASDAQ:NDAQ), today starts trading in two fixed income-based exchange traded funds (ETFs) from XACT Fonder. XACT Obligation is an ETF based on the Swedish bond market and the XACT Repo ETF follows the Swedish Central Bank’s (Riksbanken) repo rate.
Jenny Rosberg, Deputy CEO at NASDAQ OMX Nordic said, “These two new products from XACT Fonder will make a great addition to our ETF offering and continue to attract investor interest to this exciting market. In the last year we have experienced an increase in trading as well as issuance of ETFs, reinforcing the growth potential of these instruments.”
XACT Obligation follows Handelsbanken Sweden All Bond Tradable Index, a market value weighted index developed to reflect the Swedish market for secured mortgage bonds, and government and municipal issued bonds with benchmark status. The XACT Repo ETF follows the Swedish Central Bank’s main interest rate, the so called repo rate.
An ETF 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.
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