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Second ETF listed on Stockholm exchange

XACT Fonder has listed its Exchange Traded Fund (ETF) on the Stockholmsbörsen's ETF segment, making it only the second in the country.

The fund, XACT SBX, tracks the Stockholm exchange benchmark index, which comprises of the 80-100 most heavily traded stocks on the exchange. ETFs provide investors with cost-effective access to the most heavily traded shares in a single transaction.

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