Xact Fonder is listing the first commodity ETF on the Stockholm Stock Exchange, tracking 15 commodities including oil and gold.
The Xact Ravaror fund offers global exposure, but with a clear Nordic focus, by investing in electricity and paper pulp within the commodities group.
Xact Fonder managing director Henrik Norén says: "For those who believe in yet another cold winter, Xact Ravaror offers an interesting investment opportunity. The price of electricity rises with the cold, which will also be reflected in the fund performance."
The underlying SHB Commodity Index Excess Return comprises gasoline, diesel, crude oil, electricity, copper, aluminium, gold, soybeans, zinc, wheat, cattle, silver, pulp, pork and nickel.
Investor demand for efficient access to commodities is rising and the asset class plays an important role in the diversifying portfolios.
Handelsbanken commodity manager Torbjorn Iwarson says: "In a medium risk portfolio with a 10-year investment horizon, we currently recommend up to 20% commodities."
The underlying SHB Commodity Index Excess Return rose by 41.6% in the year ending September.
The fund will be listed on the OMX Stockholm exchange. It is the ninth ETF listed by Xact Fonder during the autumn this year.
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