This Nordic leader has long-term appeal

Article Excerpt

The free market-orientated economy of Sweden is complemented by a comprehensive welfare system. Despite a high-tax regime, the country ranks among the most competitive in the world and is home to a range of successful multinational companies. The country faces near-term challenges—households and businesses are under pressure from high inflation and rising interest rates. As well, the Swedish economy is expected to slow considerably this year, with unemployment forecast to rise. Still, its long-term outlook is strong. Here’s an ETF that provides exposure to Sweden’s top publicly listed companies. It’s for investors who want to tap the country’s attractive long-term prospects. ISHARES MSCI SWEDEN ETF $35.05 (New York symbol EWD; TSINetwork ETF Rating: Conservative; Market cap: $378.3 million) tracks the performance of Sweden’s largest publicly listed companies. Industrials account for 34% of the fund’s assets, while Financial Services (31%), Consumer Cyclicals (12%), Technology (9%), Consumer Defensives (3%), and Communications (3%) are other key segments. The ETF holds a portfolio of 45 stocks. The top 10 holdings make up 50%…