Swedbank Robur launches debut ETFs

May 10th, 2012 | By | Category: Equities

Earlier this week, Swedbank Robur, one of Scandinavia’s largest mutual fund managers and a wholly owned subsidiary of Swedbank, made its debut in the ETF space with the launch of three ETFs on NASDAQ OMX Stockholm.

Swedbank Robur launches debut ETFs

Thomas Eriksson, CEO of Swedbank Robur.

The three Swedbank Robur ETFs are based on the OMXS30 (OMX Stockholm 30) index, an important Scandinavian index comprising the 30 most actively traded companies on NASDAQ OMX Stockholm.

The index is weighted by market-capitalisation, with Hennes & Moritz, Nordea, Ericsson, TeliaSonera and AstraZeneca making up the top five holdings.

The products listed are the Swedbank Robur ETF OMXS30 Bull 2 (SweR Bull2), offering 2x leveraged long exposure (TER 0.60%), the Swedbank Robur ETF OMXS30 Bear (SweR Bear), offering inverse exposure (TER 0.60%), and the Swedbank Robur ETF OMXS30 (SweR OMXS30), offering conventional long exposure (TER 0.30%).

Thomas Eriksson, CEO Swedbank Robur, said: “As one the Nordic leaders in asset management it is logical that we now expand our offering to also include ETFs as a complement to our managed funds. Swedbank Robur sees great potential in ETF products and we are hopeful that by entering this market we will be able to contribute to the interest and awareness around ETFs among both existing and new customers.”

Jenny Rosberg, Senior Vice President NASDAQ OMX commented: “We are excited that Swedbank Robur is entering the ETF market where the number of products listed on NASDAQ OMX has quadrupled since 2010. ETFs are attractive instruments both for the active and long-term investors as it allows them to easily and cost-efficiently invest in indexes with different risk-levels.”

The Swedbank Robur ETFs will compete alongside XACT, part of Handelsbanken, and SpotR from SEB.

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