In the first quarter of 2003, the average daily turnover per fund on the XtraMarked totalled to DKK 2.5 million, whereas the average figure per fund listed on the stock market came to DKK 0.4 million. Since the market opened, the number of funds admitted to the XtraMarked has gone up from 40 to 57.
The XtraMarked offers a wide range of investment possibilities to the investors. On the XtraMarked the investors may find investment funds based on Danish and foreign bonds, mortgage deeds, foreign shares, sectors and share indices as well as funds issued in Euro and US dollars and also funds dedicated to pension purposes. The investors can therefore invest in foreign securities in their own country under the same familiar and satisfactory conditions as when they trade Danish shares and bonds.
The following investment funds have funds listed on the XtraMarked:
- BankInvest Midtinvest
- Dexia PH Nykredit Invest
- EGNS-INVEST Sparindex
- Henton Invest Sparinvest
- Lån og Spar Rationel Invest
Senior Vice President Peter Belling commented: "The XtraMarked has shown that it has a raison d'être, and this year the trading has surpassed the activity in the funds listed on the stock market. The fact that the price formation has become more transparent and that the information requirements to investment funds have increased, have made the market for non-listed unit funds admitted to the XtraMarked just as transparent confidence-building as the market for stock exchange listed funds."
CEO Niels B. Thuesen from BankInvest said about the XtraMarked: "We are pleased with the XtraMarked, because the trading in non-listed funds has been given an authorised marketplace which ensures increased transparency in the price formation thereby contributing to sharper prices for the investors."
Managing Director Peter Møller Lassen, Sparinvest, said: "Through the XtraMarked our non-listed funds have become much more visible than before, and the investors can now trade them on an open and well-regulated marketplace."
