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Avanza Zero revamps its index fund

Original: avanza zero

Swedish savings platform Avanza is restructuring its Avanza Zero index fund, which tracks the SIX30 Return index of Sweden's largest companies. According to Finanswatch, the change is expected to trigger billion-krona transactions as the fund adjusts its holdings. Avanza Zero is one of Sweden's most popular equity funds, so the index overhaul affects many savers and could ripple through Swedish large-cap stocks.

Why now: The fund's index change is expected to move large sums and affect many Swedish retail savers' holdings.

Avanza ZeroAvanzaSIX30 Return index

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Evidence

• Avanza Zero kan omsätta aktier för 17 miljarder vid indexbyte enligt EFN · Börsvärlden
• Avanza Zero gör om index – miljardaffärer väntas · Finanswatch.se

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