OMHEX sells XACT Fonder to Svenska Handelsbanken
As part of OMHEX's continued focus on core operations, OMHEX has signed an agreement with Svenska Handelsbanken to sell XACT Fonder AB to Handelsbanken, with transfer of ownership to be effected on June 30, 2004. XACT Fonder manages Sweden's first exchange-traded funds (ETFs), XACT OMX and XACT SBX. The deal will have a positive affect on OMHEX's result of approximately SEK 16 million during the second quarter 2004. "We started XACT Fonder four years ago with the intention of establishing and developing an exchange-traded fund product for the Swedish market. With XACT Fonder's