HQ Bank has released an ETF tracking the Nasdaq 100 index on the Nasdaq OMX Stockholm exchange.
The Nasdaq 100 ETF, which is denominated in US dollars and traded in Swedish Krona, tracks the 100 largest domestic and international non-financial securities listed on the Nasdaq stock market.
The index reflects companies across industry sectors, including computer hardware, software, telecommunications, retail and wholesale trade, as well as biotechnology.
The constituents are weighted based on the company's total market value, capped at 10%, in line with the Undertakings for Collective Investments in Transferable Securities directive.
Companies included in the benchmark include Apple, Cisco, Dell, Google, Intel, Microsoft, Oracle, Starbucks, Symantec and Yahoo.
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