Nasdaq OMX Stockholm has started trading two ETFs issued by Xact Fonder, tracking the OMXS30 index.
The Xact Bull 2 ETF provides twice the return of the daily performance of the underlying index. The Xact Bear 2 ETF delivers twice the inverse of the daily performance, meaning a 1% daily index decrease produces a 2% value return. The underlying OMXS30 index measures the performance of the 30 most traded shares on Nasdaq OMX Stockholm, and is the third most traded domestic index in Europe this year, according to the exchange group. Nasdaq OMX Nordic deputy CEO Jenny Rosberg says there has been a significant increase in ETF trading compared to the same period last year, proving this is...
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