UBS Global Asset Management has launched a set of ETFs aimed at the Swedish marketplace.
The new funds will trade on the NASDAQ OMX Stockholm with UBS becoming the second foreign asset manager to list ETFs in Sweden, after Deutsche Bank’s db x-trackers launched 26 products earlier this year.
The new funds will track global and regional developed indexes, UBS-ETF MSCI World A, Europe A, Pacific (ex Japan) A, USA A, Japan A and EURO STOXX 50A.
Jenny Rosberg, senior vice president at NASDAQ OMX says: “ETFs are becoming an increasingly popular instrument both among institutional and private investors.”
She adds that UBS’s entry into the Nordic ETF market will strengthen their offering to local and international investors and this unveiling has boosted the number of ETFs listed on their indexes to more than 50.
Frank Müsel, senior product manager of ETFs at UBS says: “We are seeing increasing demand from investors across Europe for ETFs and are confident this will be the trend in Sweden.”
Commerzbank will act as market maker to provide liquidity.
UBS has also announced the registration of additional ETFs ready to be distributed and available in Sweden in due course.
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