On Monday I I August, the Exchange introduces the website www.xtralist.dk, which contains price information on a number of unlisted investment funds. Funds on the XtraList are neither listed on the Exchange nor admitted to trading on the Exchange's XtraMarked for non-listed investment funds.
Senior Vice President Peter Belling said: "With the Exchange's XtraList we help the unlisted investment funds reach a wider audience. The Exchange will to a higher degree be a rendezvous of investors seeking information on listed as well as unlisted investment funds. We hope that as we go along some of the funds on the XtraList will become listed or admitted to the XtraMarked, where trades are effected in the same electronic trading system as listed shares, investment certificates and bonds.
" Both the investment funds and the investors will benefit from the new set-up, especially owing to www.xtralist.dk. The investment funds' information on their unlisted funds will reach a wider audience, and the investors will via www.xtralist.dk have easier access to the information that the funds release to the Exchange.
Listed on/Admitted to | Number | Market Value End-July 2003 | May be traded via the Exchange's electronic trading system |
Stock Exchange market | 177 | DKK 50bn | Yes |
XtraMarked | 61 | DKK 35bn | Yes |
XtraList | 62 | DKK 12bn | No |
The XtraList will contain the information, which today is available in the Official List under "Diverse prisoplysninger". Naturally, the information from the new list will also be available in the Exchange's electronic information products, which are primarily offered to redistributors of market information.
On www.xtralist.dk the Exchange redistributes information concurrently with the funds' submission of information, e.g. volume in circulation and net asset value so that any interested professional or private investor may currently track the performance of the unlisted investment funds placed on the Exchange's XtraList.
Investment funds on the XtraList are not subject to any Stock Exchange regulation, as the XtraList is solely an enhanced information service for investment funds.
In future, investors may track investment funds via the Copenhagen Stock Exchange on the following three sites:
- www.cse.dk contains information on listed funds
- www.xtramarked.dk contains information on non-listed investment funds that are admitted to trading on the XtraMarked
- www.xtralist.dk provides information on unlisted investment funds on the XtraList (as of,I I August 2003).