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Wednesday, August 19, 2009

Global X Launches Nordic ETF

Global X Funds is launching an index-based exchange-traded fund (EFT) focused on the Nordic region of Europe, Index Universe reports. The Global X FTSE Nordic 30 ETF will be the first ETF launched in the U.S. for Nordic companies.

The ETF tracks an index, which includes the 30 largest companies by market-cap size and liquidity in Denmark, Finland, Iceland, Norway and Sweden. Besides the Nordic region, Global X Funds is planning to enter at least four more different emerging markets.

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