Monday links are constrained

By Felix Salmon
June 23, 2009

David Warsh on fiscal corsets

The Pension Benefit Guaranty Corporation takes over Lehman’s pension obligations

Some gloriously nerdy stuff from Rortybomb on options-within-options in reverse converts

And does anybody have any advice for a reader looking for an ETF or other easy way to get exposure to Nordic stocks?

Comments
4 comments so far

The Swedish index ETF (EWD) might be correlated enough to the region. You could add Nokia and Statoil ADRs if that’s not close enough. Why you’d want to do this, I can’t imagine.

The problem with the Nordic markets are that they are dominated by a few very large players which are very multinational and therefore do not give you much exposure to the region itself (e.g. ABB, Astra Zeneca, Ericsson, H&M, TeliaSonera, Vestas, Nokia, StatoilHydro, AP Moller-Maersk and Novo Nordisk).

For overseas investors who are bullish on the region it may make more sense to buy Swedish and Norwegian kroner or bonds from one of the Nordic countries.

Posted by Michael M | Report as abusive

Interactive Brokers allows retail investors to trade many products on most of the European exchanges including Stockholm. I would suggest opening an account there.

Posted by Jacob | Report as abusive

There is a Swedish market iShare, but not Nordics in general.

Posted by James | Report as abusive
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