Global X Management, a New York-based asset manager, has launched Global X FTSE Nordic 30 ETF, a new exchange-traded fund listed on the NYSE Arca.
Reportedly, this ETF in the US enables investors to gain diversified access to the companies in Sweden, Denmark, Finland, and Norway. The new Global X FTSE Nordic 30 ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the FTSE Nordic 30 index, comprised of the 30 companies in the Nordic region. The index is compiled by FTSE Group, a global index provider.
Bruno del Ama, CEO at Global X Management, said: In our view, the Scandinavian region offers a stable macroeconomic environment and a unique economic model that has historically produced higher returns than its European neighbors. The Scandinavian workforce is well positioned to continue capturing the growth opportunities of the future. Global leadership in education and training has produced high levels of technological adoption and innovation in the region.
