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ETF
XACT OBX BEAR (UCITS ETF) is an exchange traded fund launched and managed by Handelsbanken Asset Management (Norway). It invests in the public equity markets of Norway. The fund takes short positions and uses derivative such as futures to invest in the stocks of companies operating across diversified sectors. It invests in the stocks of companies across all market capitalizations. The fund seeks to replicate twice the inverse of the daily performance of the OBX Index. It was formerly known as XACT Derivat Bear. XACT OBX BEAR (UCITS ETF) was formed on January 21, 2008 and is domiciled in Sweden. As of Nov 10, 2021, XACT OBX BEAR (UCITS ETF) has gone out of business.
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