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Global X FTSE Nordic Region ETF reaches three-year anniversary


Exchange-traded funds provider Global X Funds’ FTSE Nordic Region ETF (GXF) has reached its three-year anniversary.

Exchange-traded funds provider Global X Funds’ FTSE Nordic Region ETF (GXF) has reached its three-year anniversary.

The fund, which has received a four-star Morningstar Rating, is the second Global X fund to reach this milestone following the Global X FTSE Colombia 20 ETF, which has a five-star Morningstar Rating.

The fund is currently the only ETF in the US that enables investors to gain diversified access to the largest and most liquid companies in Norway, Sweden, Denmark, and Finland.

Global leadership in education and training has produced high levels of technological adoption and innovation in the Nordic region. In addition, Sweden, Finland, and Denmark ranked third, fourth, and eighth respectively for global competitiveness in the World Economic Forum’s Global Competitiveness Index 2011-2012 rankings, which mirror the business operating environment and competitiveness of over 140 economies worldwide.

According to the BlackRock Sovereign Risk Index, which provides investors with a framework for tracking sovereign credit risk, Norway, Sweden, and Finland are in the top five, with Denmark in the 12th spot. In addition, all four countries in the fund have an AAA credit rating from Standard & Poor’s.

“In our view, the Nordic region offers a stable fiscal environment and a unique economic model that has historically produced higher returns than its European neighbours” says Bruno del Ama, chief executive officer at Global X Funds. “The fund’s Morningstar Rating is a validation of the attractiveness of GXF as a way to gain access to Europe while potentially sidestepping the Eurozone crisis.”

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