iShares launches Swedish equities ETF on LSE and Xetra

Dec 19th, 2016 | By | Category: Equities

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iShares has launched the iShares OMX Stockholm Capped UCITS ETF (LON:OMXS), tracking large cap Swedish equities, on London Stock Exchange and Deutsche Börse’s Xetra Exchange (Ticker: OM3X).

iShares launches Swedish equities ETF on LSE and Xetra

The OMX Stockholm Benchmark Cap Index covers approximately 85% of the publicly-traded stock market in Sweden.

The fund tracks the OMX Stockholm Benchmark Cap Index, a reference for the performance of the 80 largest and most frequently traded stock corporations listed on the Stockholm Stock Exchange, representing approximately 85% of the publicly-traded stock market in Sweden. Constituents are weighted by free float market capitalization with a maximum weight of 10%.

Matti Tammi, Director in the iShares Nordics team at BlackRock, commented: “The strong and stable long-term prospects of the Swedish economy make it an attractive investment for many investors. This ETF is a simple, cost-effective way for investors to build a country-specific allocation to the market within their portfolio. It should appeal to Swedish investors looking for domestic exposure, as well as international investors interested in the diversification that listed Swedish companies represent.”

As of 16 December 2016, the fund’s largest sector exposures are industrials (29.6%), financials (29.0%), consumer discretionary (12.0%) and information technology (6.9%). The largest constituents are Nordea Bank (8.2%), Hennes & Mauritz (5.9%), Swedbank (5.1%) and Svenska Handelsbanken-A (4.6%).

The ETF is physically replicating and trades in British pounds on LSE and Swedish kronor on Xetra.

It’s total expense ratio is 0.10%.

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