"HEX aims to offer investors an extensive and competitive selection of investment products. The index share market contributes to the Finnish investment product selection. It is an interesting investment alternative to both institutional and private investors due to its unique features", comments Jukka Ruuska, President and CEO of HEX.
The HEX25 index is comprised of the 25 most traded shares on HEX Main List. The HEX25 index is an underlying index for derivatives products. It is recognized and used as an underlying index by domestic and foreign portfolio managers. HEX25 index is also widely used as a benchmark index.
The trading code of HEX25 Index Share is IHEX25. The round lot size is 100 index shares. The value of one HEX25 Index Share tracks 1/100 of the HEX25-index. HEX25 Index Share fund is managed by Seligson & Co Fund Management Plc.
An index share is a listed unit of an index fund. The index share combines the benefits of indexing and share trading: effective diversification, real time market value and efficient trading. The HEX Index Share Market provides for listing of index shares based on both domestic and foreign indices.
The price of an index share is based on the net value of the assets of the fund. In addition to the investments of the fund, rebalancing profits or losses, the income received by the fund, e.g. received dividends and stock lending premiums, and costs of the fund, e.g. management fee and trading costs, are taken into consideration. The investor's risk in an index share is similar to the risk of a portfolio of the securities diversified in accordance with the index.
