Stocks & Commodities V. 23:3 (80-81): Intermarket Review by David Penn
iShares are an investment product from Barclay’s
Global Investors, and represent among the broadest
variety of exchange-traded funds (ETFs) available
to institutional and retail investors alike. iShares can be bought and sold like stocks and are used by many investors instead of mutual funds in order to take advantage of the low expenses involved in trading ETFs.
THE MSCI SWEDEN INDEX FUND (EWD)
The MSCI Sweden Index Fund (EWD) is built to provide investors and traders with exposure to the equities of companies operating in and out of Sweden. The fund is geared to mirror the performance of the publicly traded stocks of the Swedish stock market as represented by the MSCI Sweden Index. Major components of EWD include Telefonaktiebolaget LM Ericsson Class B, Nordea AB, Hennes & Mauritz AB Class B, and Volvo AB Class B. Top industry sector representation consists of technology hardware and equipment, capital goods, and banks.