Sweden ETF Solid Like Economy

One of the top performing exchange traded funds (ETFs) for 2006 is iShares MSCI Sweden Index (EWD). The fund is up 42% year-to-date and the country’s economy has grown 4.3% this year. In 2007, there is an expected growth of 3.6% and 3.2% in 2008.

An article in Nasdaq states the Nier, a think tank that advises the government, says labor supply and employment have shown increases. Rising employment, moderate and accelerating wages, low inflation and tax cuts will help boost disposable income per household. The Nier said inflation will reach only 1.5% in December 2008 due to a mild build up of cost pressure, rapid appreciation of Swedish currency and the low-cost of oil. Sweden’s economy is looking solid past, present, and future.