In a first step, the HQ to note three ETF is the Nasdaq OMX Stockholm, two of which are based on OMXS30 index and the Nasdaq 100 index
NASDAQ OMX Nordic, part of the NASDAQ OMX Group, in association with HQ Bank, has launched a new portfolio of Exchange Traded Funds (ETFs) that will allow Nordic investors to trade internationally recognized indices in local currency. Reportedly, the ETFs will be based on indices calculated by NASDAQ OMX and traded on NASDAQ OMX Stockholm.
Jenny Rosberg, deputy CEO at NASDAQ OMX Nordic, said: “Through this partnership with HQ Bank we are able to offer both institutional and retail investors in the Nordics the same trading opportunities in ETFs as investors around the world. The expansion of our ETF offering well matches customer needs and is an important step in developing our local market, which holds great potential for this type of product.”
Mikael Konig, CEO at HQ Bank said: “This launch marks an important milestone for the Swedish ETF market, and we look forward to continue our collaboration with NASDAQ OMX to grow our offering in this space. Our ETF portfolio provides a perfect complement to managed funds, and is an investor-friendly and cost-efficient tool for index investments as the products are traded the same way as equities on a liquid market.”