Sweden’s population may be small, but the company brand names are known and used worldwide. These companies, are part of what makes up the Swedish ETF, iShares MSCI Sweden (EWD). Ericsson (ERICY) is the top holding in the exchange traded fund, making up 20%. Financial services also make up a large portion of the fund. Other well-known brands included in EWD are Volvo, H&M and Electrolux. Ericsson added 3% on Monday after making an offer on a network router maker. EWD has been the top performing ETF over the last month with gains of 8%.
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