In Stockholm, Sweden, there has been a high increase in trading volume and the Swedish exchange traded fund (ETF) has been increasing as well. iShares MSCI Sweden Index (EWD) is up 7.4% this year and was one of the top performers for 2006. EWD includes companies such as Ericcson, Volvo and H&M Hennes & Mauritz. A press release states the sector with the strongest growth for March was consumer staples. The Swedes also like ETFs as there was 155% increase in ETF trading in March 2007 compared to March 2006.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.