Xact has launched the XACT Swedish Small Cap UCITS ETF (Nasdaq Stockholm: XACTSMAC), the first exchange-traded fund to track the Swedish small cap equities market.

The XACT Swedish Small Cap UCITS ETF (Nasdaq Stockholm: XACTSMAC) is the first ETF to provide exposure to Swedish small cap equities.

Pär Nürnberg, CEO of Xact Kapitalförvaltning, commented: “There has been great interest in a liquid small cap fund from both institutional clients as well as from private investors. XACT Swedish Small Cap, which follows the broad Swedish small cap market, is the first of its kind to provide exposure to Swedish small caps in combination with the ease of ETF trading, liquidity and cost-effectiveness.”

The ETF has a total expense ratio (TER) of 0.30%, the lowest among Swedish small cap funds.

Launched in conjunction with the XACT Swedish Small Cap ETF, the XACT Sweden All Bond UCITS ETF (XACTBOND), which follows the largest and most creditworthy bond loans in the Swedish market, as well as the XACT Commodity UCTIS ETF (XACTCOMM), which is a global commodity fund with a Nordic focus, have also been listed on the Stockholm exchange. The ETFs contain TERs of 0.10% and 0.70% respectively.

“Broadening the range of assets is key for building well-diversified portfolios based on ETFs. By offering XACT Swedish Small Cap, we also expand our coverage of Swedish equity exposure with a new and sought after niche product, thereby covering large-, mid- and small caps,” said Nürnberg.

Helena Wedin, Nordic Sales Director, ETP/ETF, Nasdaq, added: “We work continuously in our market to increase visibility for our listed companies. It is very exciting that Xact is now able to provide both institutional and private investors the opportunity to follow the performance of our smaller companies through Sweden’s first small cap ETF.”