BlackRock has launched an ETF to cover the Swedish domestic equity market.
The iShares OMX Stockholm Capped Ucits ETF, which will cost 0.10 per cent in fees, will track the OMX Stockholm Benchmark Cap index.
The fund, which will have the Swedish Krona as its main currency, will get exposure to around 80 stocks from Sweden only. The ETF will be domiciled in the UK and Germany and available to investors in Sweden, Finland, Norway and Denmark.
BlackRock director in the iShares Nordics team Matti Tammi says: “The strong and stable long-term prospects of the Swedish economy make it an attractive investment for many investors.
“This ETF is a simple, cost-effective way for investors to build a country-specific allocation to the market within their portfolio.
“It should appeal to Swedish investors looking for domestic exposure, as well as international investors interested in the diversification that listed Swedish companies represent.”