Is The New Nordic ETF For You? (GXF, ERIC, NOK, NHY, NVO, STO)

Investing

Published: August 20, 2009 3:58 pm

Last Updated: August 20, 2009 4:40 pm

NYSE Euronext has begun trading a new ETF this week that is meant to track the large companies throughout the Nordic region. This seeks to track the FTSE Nordic 30 Index, which is comprised of the 30 largest and most liquid companies in Sweden, Denmark, Norway, and Finland. The ETF launched is called the Global X FTSE Nordic 30 ETF (NYSE: GXF) and it is sponsored by Global X Funds.

You might even think of this as the Nordic-Dow. Some of the key ADR stocks in the index that you will easily recognize are LM Ericsson Telephone Co. (NASDAQ: ERIC), Nokia Corp. (NYSE: NOK), Norsk Hydro (NYSE: NHY), Novo-Nordisk (NYSE: NVO), and StatoilHydro ASA (NYSE: STO).

Here is a full list of the 30 constituents.

JON C. OGG
AUGUST 20, 2009

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