Global X releases ETF tracking Nordics

The New York-based asset manager claims that the ETF, which trades on NYSE Arca, is the first in the US to offer investors diversified access to the Nordic region. The ETF tracks the FTSE Nordic 30 index, which comprises the 30 largest and most liquid companies in the Nordics. The index has a 46% weighting in Sweden, 20% in Denmark, 17% in Norway and 17% in Finland, as of July 31. The index also consists of a range of sectors, including 28% financials, 16% industrials, 15% technology, 8% health care, and 8% oil and gas. The largest companies in the index are Nordea Bank of Sweden, Nov...