NASDAQ OMX today starts trading in a range of exchange traded funds (ETFs) from UBS. The now launched ETFs will track global and regional developed indexes and will be traded at NASDAQ OMX Stockholm. Additional ETFs from UBS have been registered for distribution in Sweden and will be available in due course. Jenny Rosberg, Senior Vice President at NASDAQ OMX said, “UBS's entry into the Nordic ETF market will significantly strengthen NASDAQ OMX's offering to local as well as international investor communities. ETFs are becoming an increasingly popular instrument both among institutional and private investors, and since 2008 we have grown our number of listed ETFs more than seven times, today offering trading in more than 50 products.”
Frank Müsel, Senior Product Manager of ETFs at UBS Global Asset Management, said, “We are delighted to be entering the Swedish ETF market at this early stage and thereby increase the ETF choice for Swedish investors. We are seeing increasing demand from investors across Europe for ETFs and are confident that this will also be the trend in Sweden.”
UBS is the second foreign asset manager to list ETFs in Sweden. The new ETFs now issued by UBS track the following indexes:
UBS-ETF EURO STOXX 50 A
UBS-ETF MSCI World A
UBS-ETF MSCI Europe A
UBS-ETF MSCI Pacific (ex Japan) A
UBS-ETF MSCI USA A
UBS-ETF MSCI Japan A
Commerzbank will act as market maker to provide liquidity.
