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Nordic Equity

Nordic equity mutual funds and ETFs own securities listed on the stock... Nordic equity mutual funds and ETFs own securities listed on the stock exchanges of the Nordic countries. The Nordic region is composed of Sweden, Denmark, Finland, Iceland and Norway, the Faroe Islands, Greenland, and Aland. The stock exchanges of the largest Nordic countries—Sweden, Denmark, Finland, Iceland and Norway—had a combined market capitalization of US$2.2 trillion as of 2023. These exchanges have large weightings in energy, financials, and communication companies. Some of the biggest companies in the Nordic region include Equinor, Volvo, and Nokia. Nordic Equity mutual funds and ETFs may be passively or actively managed. They may also leave currency exposure unhedged, or choose to protect the portfolio from swings in the value of the Norwegian Krone, the Danish Krone, the Swedish Krona, the Icelandic Krona, and for Finland, the Euro. The Scandinavian nations are a large subset of the Nordic region. Nordic countries are characterized by significant social safety nets, high levels of taxation, and high levels of education. Services form the dominant share of this region’s total economic output.
Accordingly, Nordic equity mutual funds and ETFs may be appropriate for conservative investors.
Last Updated: 03/28/2024 View more View less

Nordic equity mutual funds and ETFs own securities listed on the stock exchanges of the Nordic countries. The Nordic region is composed of Sweden, Denmark, Finland, Iceland and Norway, the Faroe Islands, Greenland,... Nordic equity mutual funds and ETFs own securities listed on the stock exchanges of the Nordic countries. The Nordic region is composed of Sweden, Denmark, Finland, Iceland and Norway, the Faroe Islands, Greenland, and Aland. The stock exchanges of the largest Nordic countries—Sweden, Denmark, Finland, Iceland and Norway—had a combined market capitalization of US$2.2 trillion as of 2023. These exchanges have large weightings in energy, financials, and communication companies. Some of the biggest companies in the Nordic region include Equinor, Volvo, and Nokia. Nordic Equity mutual funds and ETFs may be passively or actively managed. They may also leave currency exposure unhedged, or choose to protect the portfolio from swings in the value of the Norwegian Krone, the Danish Krone, the Swedish Krona, the Icelandic Krona, and for Finland, the Euro. The Scandinavian nations are a large subset of the Nordic region. Nordic countries are characterized by significant social safety nets, high levels of taxation, and high levels of education. Services form the dominant share of this region’s total economic output.
Accordingly, Nordic equity mutual funds and ETFs may be appropriate for conservative investors.
Last Updated: 03/28/2024 View more View less

Overview

Returns

Income

Allocations

Fees

About

Security Type
Management Style
Share Class Type
Share Class Account
As of 3/25/24
Fidelity Nordic Fund

FNORX | Fund | Other

$68.44

+0.26%

$296.47 M

0.04%

$0.03

24.22%

5.32%

13.85%

8.50%

0.89%

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