Xact launches Denmark’s first primary-listed ETF

Feb 13th, 2019 | By | Category: ETF and Index News

ETF STRATEGY NEWS! ETF Strategy is delighted to announce the launch of ETF Strategy Hub (hub.etfstrategy.com), an on-demand repository of webcasts, videos, podcasts and white papers. Debuting with Special Series on Technology & Innovation in China and the Digital Economy.


Xact Kapitalförvaltning AB has launched the Xact OMXC25 ETF (XACTC25 DC) on Nasdaq Copenhagen. The fund is the first ETF to have its primary listing in Denmark.

Denmark Danish ETFs Copenhagen

The OMX Copenhagen 25 Index provides exposure to the 25 largest and most traded equities on the Copenhagen Stock Exchange.

Xact is a Swedish fund company specializing in index management and a leading provider of ETFs in the Nordic region with over SEK 30 billion in AUM across 15 ETFs. The firm also holds the title of being the first provider of ETFs within Sweden.

The ETF is linked to the OMX Copenhagen 25 Index, the main equity index of the Copenhagen Stock Exchange. The index consists of the 25 largest and most traded equities on the exchange, weighted by market cap.

“I am very proud that Xact is the first to list an ETF on the Nasdaq Copenhagen Stock Exchange,” said Pär Nürnberg, CEO of Xact Asset Management. “It allows investors to easily buy and sell a basket with the 25 largest and most traded Danish listed shares in real time. It is a cost-effective investment for investors because of low administrative costs.”

The health care sector accounts for a sizable 44.4% of the index weight, while industrials also plays a significant role with a weight of 18.5%. The next largest sector exposures are financials (11.4%), consumer goods (10.6%), and oil & gas (8.8%).

Multinational pharmaceutical company Novo Nordisk is the largest constituent with a weight of 15.1%, followed by Vestas Wind Systems (8.8%), Dankse Bank (7.5%), and Coloplast (7.2%).

The fund comes with an expense ratio of 0.20%.

Helena Wedin, Head of ETF/ETP Europe at Nasdaq, commented, “We are proud and pleased to welcome Xact as a new issuer in our Nasdaq Copenhagen market. As the first ETF issuer in the Nordics, we have a longstanding partnership with Xact, and we are grateful and enthusiastic to be able to leverage this knowledge and experience into Denmark by offering Xact a similar market and set of products over time. We are looking forward to being able to grow this market together with issuers, members and investors.”

Investors looking for broader exposure to the Nordic region may wish to consider funds from DWS or Amundi. Both the Xtrackers MSCI Nordic UCITS ETF (XDN0 LN) and Amundi MSCI Nordic UCITS ETF (CN1 LN) provide exposure to the MSCI Nordic Index. The index covers large- and mid-cap performance across four Nordic countries: Sweden (43.6%), Denmark (27.5%), Finland (17.2%), and Norway (11.8%).

The Xtrackers fund houses some $480m in AUM and comes with a total expense ratio (TER) of 0.30%, while the Amundi ETF has $350m in AUM and is slightly cheaper with a TER of 0.25%.

Tags: , , , , , , ,

Leave a Comment