Sweden creates exchange-traded investment products association

Carnegie Investment Bank, Commerzbank, Nordic Growth Market (NGM) and Royal Bank of Scotland have created the Swedish Exchange Traded Investment Products Association (Setipa), a non-profit trade organisation covering warrants, certificates and index-linked bonds (structured products). The establishment of the new entity is a reaction to increased demand from Swedish investors for exchange-traded investment products as a diversification from mutual funds and shares.

Formed on November 18, Setipa

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