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Nordea pioneers Finnish and Swedish active ETFs
27 September 2013
Expects growth in actively-managed ETFs globally
Nordea has launched the Nordic region’s first two actively-managed exchange traded funds (ETFs) on Nasdaq OMX Stockholm and Nasdaq OMX Helsinki.
The two new ETFs are the Nordea Global Emerging Market Equities Ucits ETF and Nordea Stable Equities Ucits ETF.
At the same time Euroclear Finland and Euroclear Sweden have made actively-managed ETFs available for settlement and custody in their book-entry systems for the first time. Trading in these types of ETFs is the same as trading in equities, and so a book-entry account is necessary to process the transactions.
Jari Kivihuhta, Managing Director of Nordea Investment Funds, said the number of actively-managed funds is expected to rise.
Heikki Ylipekkala, Head of Commercial at Euroclear Finland and Euroclear Sweden, said: “Actively-managed ETFs have established themselves as viable investment choices in countries like the United States, where according to ETF experts, actively-managed US-listed ETFs account for around $14bn of assets under management.
"It is natural that investors in Finland and Sweden will want to buy into this new asset class and expect Euroclear to service them.”