Sweden is home to a number of top global companies

Article Excerpt

Apart from the iconic IKEA home furniture stores, Sweden is also base to a range of other high-quality multinational companies. Here is a summary of some of the companies that are included in the ETF. LM Ericsson is a provider of network equipment and software for wireless communications systems. The company holds an estimated 39% share of the global ex-China RAN (radio access network) market. The exclusion of Chinese providers Huawei and ZTE from the development of 5G networks in many western markets helped Ericsson to gain market share in recent years. The company has a market value of $37 billion and generated net profits of $3 billion for the past 12 months. Ericsson’s stock trades at a low valuation of only 9 times its forecast earnings, and at just 6 times cash flow. Volvo is a well-known manufacturer of trucks, buses, construction equipment, diesel engines, and marine and industrial engines. Brands include Volvo, Penta, Renault Trucks, Prevost, Nova Bus, and Mack. Volvo’s stated…