Nasdaq OMX has introduced trading in actively-managed exchange-traded funds in Sweden and Finland.
Actively-managed ETFs are a new type of product in the Nordic countries and aim for greater return on investment through active management, compared to passively-managed ETFs which track a predefined index.
Nordea has lists the first actively-managed ETFs on Nasdaq OMX Stockholm and Nasdaq OMX Helsinki – Nordea Global Emerging Market Equities UCITS ETF and Nordea Stable Equities UCITS ETF. The price is evaluated and provided by a dedicated market maker throughout the trading day.
“As the European ETF market continues to grow we are experiencing an increased interest from fund issuers to also list their actively-managed products,” says Lauri Rosendahl, head of equities and derivatives markets at Nasdaq OMX Nordic. “By listing managed funds on exchange, fund issuers gain access to a new distribution channel where investors can buy and sell their funds through a broker in real-time, just like when trading a stock. We are excited to welcome Nordea as the first Nordic bank to enter this space and look forward to adding more participants as the segment grows.”
“As the largest financial services group in the Nordics, Nordea is the first issuer to introduce actively managed funds in Finland and Sweden that are traded on exchange,” says Jari Kivihuhta, chief executive of Nordea Investment Funds. “The listed ETFs mainly target self-directed investors that value a cost-efficient and convenient solution to manage risk. With these two new funds customers can diversify their portfolios through one single investment in either emerging markets or more stable shares. It will be interesting to see the investor feedback for these products.”
