On Tuesday 15 March 2011 nine new exchange traded funds (ETFs) will be listed on Oslo Børs. The new funds provide investors with the opportunity for exposure in equities throughout the Nordic and in Norwegian oil service companies through various index funds that follow the Nordic and Norwegian indices.
Handelsbanken is the issuer of the ETF's, and will mark the listing of the new index funds on Oslo Børs by ringing the bell at 0900 am.
After the bell ceremony Handelsbanken will give a short presentation of the funds. The presentation is open to the press and public.
Eight of the funds to be listed on Oslo Børs 15 March are based on Nordic indexes, and the funds are primary listed on Nasdaq OMX Stockholm. The funds will be secondary listed on Oslo Børs in Norwegian kroner and the fund shares that are traded on Oslo Børs will be registered in VPS, the Norwegian Central Securities Depository.
The ninth fund to be listed is based on the new Oslo Børs oil service index, OBOSX. OBOSX consists of all oil service companies in the Norwegian OBX index and is the first oil service index in Europe.
- We are very pleased to offer investors on Oslo Børs new and interesting investment options. ETFs are increasingly popular and sought-after products in the Norwegian market, and we are excited to extend our offer to include products based on both the Nordic indices and our own newly established oil service index, says president and CEO of Oslo Børs, Bente A. Landsnes.
The following funds will be listed on the Oslo Børs on Tuesday 15 March:
•XACT Oil Service - invests in companies in the Oslo Børs Oil Service Index (OBOSX).
•XACT Nordic 120 - invests in the 120 most traded shares in Sweden, Norway, Finland and Denmark, who make up the NASDAQ OMX 120 Index.
•XACT Nordic Bank & Insurance - invests in the largest Nordic banking and insurance companies that are included in the NASDAQ OMX Nordic Bank & Insurance Net Index.
•XACT Nordic Construction & Real Estate - invests in the largest Nordic companies within the building and property that are included in the NASDAQ OMX Nordic Construction & Real Estate Net Index.
•XACT Nordic Consumer - invests in the largest Nordic consumer companies that are included in the NASDAQ OMX Nordic Consumer Net index.
•XACT Nordic Energy - invests in the largest Nordic energy companies that are included in the NASDAQ OMX Nordic Energy Net index.
•XACT Nordic Health Care- invests in the largest Nordic companies within the pharmaceuticals that are included in the NASDAQ OMX Nordic Health Care Net Index.
•XACT Nordic Industrials - invests in the largest Nordic industrial companies that are included in the NASDAQ OMX Nordic Industrials Net Index.
•XACT Nordic Materials - invests in the largest Nordic companies in basic industries that are included in the NASDAQ OMX Nordic Materials Net Index.
