NASDAQ OMX starts trading in new China ETF from XACT Fonder

NASDAQ OMX starts trading in new China ETF from XACT Fonder

16/09/2011

NASDAQ OMX Stockholm, part of the NASDAQ OMX Group (NASDAQ:NDAQ), today starts trading in a new exchange traded fund (ETF), XACT China (short name: XACT Kina). The new ETF issued by XACT Fonder is based on the Hang Seng China Enterprises Index (HSCEI), which tracks the performance of the 40 largest Chinese companies listed on the Hong Kong exchange.

Henrik Norén, CEO XACT Fonder, said: “China’s strong economic development is going to be a feature of the financial markets for many years to come, and through this new product we can offer our customers the opportunity to take part in that journey in a simple way. XACT China responds to the increasing demand for new EFTs that together can form the basis of a complete investment portfolio with a good diversification of risk.”

Jenny Rosberg, Senior Vice President NASDAQ OMX, commented: “XACT China provides investors with an easy and cost-efficient means to gain exposure against one of the world’s most traded indexes. Our Nordic ETF portfolio today covers many international indexes allowing private investors to build a global portfolio at low costs.”

An ETF is an index fund which 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.