Nordic Region ETFs

Last June when Eurozone tensions were media fodder on a daily basis, we highlighted several Scandinavian based ETFs that we thought may see a pickup in activity, especially if the investing mood improved in Europe later in the year (which indeed it has, and into 2012, with most broad European equity indices trading above their highest levels since the summer of 2011).

Specifically, funds that were mentioned were GXF (Global X FTSE Nordic Region, Expense Ratio 0.50%), ENOR (iShares MSCI Norway Capped Investable Market, Expense Ratio, 0.53%), NORW (Global X FTSE Norway 30, Expense Ratio 0.50%), EWD (iShares MSCI Sweden, Expense Ratio 0.51%), EDEN (iShares MSCI Denmark Capped Investable Market, Expense Ratio 0.53%), and EFNL (iShares MSCI Finland Capped Investable Market, Expense Ratio 0.53%).

In this mention we stated “We imagine that there will be a handful of market participants that are using ETFs that are not currently aware of exposure being available to the Nordic countries, seeing current appeal from a valuation standpoint in the region,” and this seems to have played out.

GXF for example has rallied more than twice IEV (iShares Europe 350, Expense Ratio 0.60%), in the trailing one year period, and quick looks at the charts of any of the aforementioned ETFs generally demonstrates price appreciation as well as a pickup in trading volume across the board over time as the investment atmosphere overseas has improved.

Global X FTSE Nordic Region

For more information on Street One ETF research and ETF trade execution/liquidity services, contact Paul Weisbruch at [email protected].