XACT Fonder AB will tomorrow list a new exchange-traded index fund, XACT FTSE RAFI Fundamental Euro, on the Stockholm Stock Exchange.

 

The new fund is the first in Europe to track Research Affiliates internationally recognized fundamental index, FTSE RAFI Eurozone Index. Unlike the capital weighting of a traditional index, the content of this index is based on the companies' fundamental key figures. In Europe Research Affiliates' fundamental index has historically shown an excess return of some 3 percent per annum over a 22-year period, compared with an equivalent capital-weighted index.

 

"This is an idea which has been tested against cap-weighted indexes in the 23 countries in the FTSE Developed World Index, adding value in all 23 with no exceptions. It has important practical and theoretical implications, being the most significant investment management concept I've ever seen." says Rob Arnott, Chairman of Research Affiliates and originator of Fundamental Indexing. 

 

"We are very pleased to list the sixth XACT fund on the Stockholm Stock Exchange", says Dag Tjernsmo, CEO of XACT Fonder. "As the new exchange-traded fund is the first in Europe to be based on this fundamental index, we foresee great interest from Swedish as well as foreign investors."

 

 

XACT Fonder was founded in 2000 and is now the Nordic market leader in exchange-traded funds. In 2000, XACT launched the first exchange-traded fund in the Nordic region. As of September 12th 2006, there are six XACT funds listed on the Stockholm stock exchange, one on the Oslo stock exchange and one on the Helsinki stock exchange. XACT funds are offered by XACT Fonder in Sweden, Handelsbanken Fondförvaltning in Norway and Handelsbanken Fondbolag in Finland. As of September 1st 2006, total assets under management amounted to over SEK 17bn. The fund management company is a subsidiary of Handelsbanken, one of Sweden's leading players in the field of asset management.

 

XACT Fonder AB, Blasieholmstorg 12, 106 70 Stockholm, Sweden, Tel. +46 8 701 4000, Fax +46 8-701 3833, xact@handelsbanken.se,  www.xact.se

 

A fund's historical return is no guarantee of future return. Investments made in a fund can rise or fall in value and it is not certain that you will get back all of the capital you have invested.

 

"FTSE®" is a trade mark jointly owned by the London Stock Exchange Plc and the Financial Times Limited and is used by the FTSE International Limited under Licence. "Research Affiliates", "RAFI" and "Fundamental Index" are trade marks of Research Affiliates LLC ("RA").

 

The FTSE Research Affiliates are calculated by FTSE International Limited ("FTSE®") in conjunction with Research Affiliates LLC ("RA"). Neither FTSE nor RA sponsor endorse of promote this product and are not in any way connected to it and do not accept any responsibility in relation to this issue, operation and trading.

 

All copyright in the index values and constituent lists vests in FTSE. All rights in and to the RA fundamental indexing methodology used in calculation of the FTSE Research Affiliates Fundamental Indexes vest in RA. XACT Fonder AB has obtained full licence from FTSE to use such copyright in the creation of this product.

 

Patent pending. Publ. Nos. US-2005-0171884-A1, US-2006-0015433-A1 and WO 2005/076812.