Sweden’s economy these days is seen as solid, and the central bank raised its key rate to 4.25% to fight inflation. The country has also managed to dodge the subprime crisis. Year-to-date, iShares MSCI Sweden (EWD) is up 1.9%. In the last month, it has risen 11.8%.
The fund has 23.2% of its assets allocated in the financial sector, the second-largest weighting. The top sector in the fund is industrial materials, which is 35.1% of assets.
