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.

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.

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