XACT Bear is an exchange-traded fund (ETF) managed by Handelsbanken Asset Management, domiciled in Sweden and launched on February 8, 2005. It provides investors with leveraged inverse exposure to the Swedish equity market by aiming to deliver approximately 1.5 times the opposite daily performance of the OMXS30 Index, a benchmark comprising 30 large-cap Swedish stocks across diversified sectors. The fund achieves this through short positions and derivatives like futures, replicating the inverse weightings of index constituents without paying dividends. With a total expense ratio of 0.60%, physical full replication, and a focus on large-cap equities, XACT Bear serves as a hedging tool during market downturns, offering potential gains when the OMXS30 declines—for instance, a 1% index drop targets about 1.5% fund return. Managing around 15 million euros in assets, it plays a key role in tactical strategies within Nordic financial markets, enabling precise short-term bearish positioning on Sweden's leading blue-chip companies.
Contact Information
Address: -
Phone: -