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Nasdaq Copenhagen welcomes first ETF

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Nasdaq Copenhagen has joined the exchange traded fund party with the launch of the first ETF on the exchange, the Xact OMXC25 ETF (UCITS ETF).

Xact C25 ETF, which is issued by Xact Kapitalförvaltning AB and distributed by Handelsbanken Denmark, is trading under ISIN code SE0011452127 and has the Trading Code XACTC25.
 
“I am very proud that Xact is the first to list an ETF on the Nasdaq Copenhagen Stock Exchange. 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,” says Pär Nürnberg, CEO of Xact Asset Management.
 
“Xact has the experience of pioneering a new market – this time in Denmark with the XACT C25 ETF. We are pleased to be able to distribute a requested product type to the market that provides even more choice to investors, whether professional og retail,” says Esben Bøgeholdt Kæmpegaard, Head of Wealth Products in Handelsbanken Denmark.
 
Helena Wedin, Head of ETF/ETP Europe, says: “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 be able to grow this market together with issuers, members and investors.”

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