Nasdaq Nordic now offers trading in Actively-Managed Funds as a complement to Exchange Traded Funds (ETFs) on Nasdaq Helsinki and Nasdaq Stockholm. One of the key differentiators of these funds is that an Actively-Managed ETF generally tries to create greater return through active management, compared to passively-managed ETFs which try to track a predefined index. Actively-Managed Funds on Nasdaq Nordic are traded in the same way as shares and ETFs. The instruments currently listed under Actively-Managed Funds are so-called Actively-Managed UCITS ETFs. Actively-Managed Funds segment is set up for both exchange traded share classes of existing "traditional" funds as well as funds only offered for trading on the exchange. Trading is offered in real-time and the price of the fund is evaluated and provided by a dedicated market maker throughout the trading day.
- Continuous trading hours for Actively-Managed Funds are between 9.30-17.25 CET (i.e. trading starts 30 minutes after trading in ETFs)
- Fund company provides indicative Net Asset Value (iNAV) a minimum of three times per day to the relevant NASDAQ OMX exchange and to the market maker. Any significant changes in the iNAV are also published
- The iNAV values are displayed on the Nasdaq Nordic website and disseminated through the Market Data feed
- The Market Maker uses the iNAV as a basis in providing bid and offer prices for the funds throughout the trading day