XACT - first in Europe with a fundamental ETF.

(From Hugin)

XACT Fonder AB will tomorrow list a new exchange-traded index fund, XACT FTSE RAFI Fundamental Euro, on the Stockholm Stock Exchange. The new fund is the first in Europe to track Research Affiliates internationally recognized fundamental index, FTSE RAFI Eurozone Index. Unlike the capital weighting of a traditional index, the content of this index is based on the companies' fundamental key figures. In Europe Research Affiliates' fundamental index has historically shown an excess return of some 3 percent per annum over a 22-year period, compared with an equivalent capital-weighted index. "This is an idea which has been tested against cap-weighted indexes …