Sweden is a country that’s often flying under the radar, but its economy and related exchange traded fund (ETF) may be worth exploring.

• Sweden is a fiscally strong country and is up 33% this year so far. With a scant 1% weighting in the MSCI World index, the single-country ETF is a better way to get  exposure to this country.
• Carl Delfeld for The Stock Advisors says that about half of the ETF focuses on financials and industrial earnings. Ericcson Telecom Company is a top holding at 15%, with about 40% of all telephone calls worldwide going through an Ericcson system.
• Consumer and business confidence, as well as retail sales, are climbing up off of recent lows.
• Analysts believe that the banks will try and stave off inflation for as long as possible.
• Overall, relative valuations and a strong market with momentum could keep Sweden attractive and perhaps a steady bet.

• iShares MSCI Sweden Index (EWD): up 45.2% year-to-date

For m ore stories about Sweden, visit our Sweden category.

Tags: Europe, EWD, Global ETFs, Sweden