Euroclear Finland and Euroclear Sweden are making actively-managed exchange-traded funds available for settlement and custody in their book-entry systems.
Coincidentally, Nordea has launched the region’s first two actively-managed ETFs on Nasdaq OMX Stockholm and Nasdaq OMX Helsinki. Depending upon where the two multi-listed ETFs are traded, transactions will settle locally in kronor at Euroclear Sweden or in euros at Euroclear Finland.
Heikki Ylipekkala, head of commercial at Euroclear Finland and Euroclear Sweden, says: “Euroclear Finland and Euroclear Sweden’s electronic book-entry systems are the most secure and modern way for investors to manage their investments. We are delighted to add Nordea’s two innovative ETFs to the many types of domestic securities we service. Actively-managed ETFs have established themselves as viable investment choices in countries like the US, where according to ETF experts, actively-managed US-listed ETFs account for around USD14bn of assets under management. It is natural that investors in Finland and Sweden will want to buy into this new asset class and expect Euroclear to service them.”
Jari Kivihuhta, managing director of Nordea Investment Funds, says: “The number of actively-managed funds is expected to rise, particularly as we experience a growing demand for equity-like products. Our mutual funds have been successful during the last few years. We feel very comfortable to launch a new kind of actively managed ETF with Euroclear, and to benefit from their years of fund processing experience.”
