Still, EDEN is not a free lunch. Western sanctions against Russia have proven problematic for EDEN. Danish farmers are major exporters to Russia and Danish banks have significant exposure to those farmers. Falling commodities prices coupled with the Russian sanctions are leading to an increased amount of sour agriculture loans in Denmark, relevant to EDEN because the ETF has a large weight to bank stocks.
“Lastly, Denmark’s National Bank has gone to extraordinary efforts to keep its currency on track for Euro adoption. For a nation as small and productive as Denmark, being an integral part of the larger Eurozone economy will be very beneficial,” adds Seeking Alpha.
iShares MSCI Denmark Capped ETF
