FTSE Group (FTSE), the global index provider, is delighted to announce that it has licensed XACT Fonder to create a new ETF on the Stockholm Stock Exchange based on the FTSE RAFI Eurozone index - the XACT FTSE RAFI Fundamental Euro.
This is FTSE’s first ETF in the Nordic region, and the first pan European ETF to be based on a fundamental index. The FTSE RAFI Index series has been created in partnership with Research Affiliates, and weights constituents in relation to four fundamental factors: total cash dividends, free cash flow, total sales and book equity value.
Since launch last year, FTSE has already gathered $3.5 billion of assets under management for the FTSE RAFI indices. XACT Fonder joins Claymore Investments Inc in Canada and Powershares in the US in choosing to base its ETF on FTSE RAFI.
Imogen Dillon Hatcher, Managing Director, Europe says, “We are delighted XACT Fonder has decided to base its new ETF on our FTSE RAFI Eurozone Index. FTSE is proud to have so many of its indices used as the basis for ETFs, their transparency and liquidity, the hallmarks of our index design, making them very appealing to ETF providers.”
