Nordic ETFs in US market halved in two years

Assets in Nordic-focused, but US-domiciled ETFs have halved since the beginning of 2018. The decline is due to US investors largely ignoring them.

Photo: Melissa Kühn Hjerrild

The Nordic region remained overlooked by US investors last year. Currently there are six U.S.-domiciled ETFs that track the Nordic region. Assets in these ETFs have halved since the beginning of 2018, according to passive-fund analyst Kenneth Lamont from investment consultancy Morningstar Inc.

"This fall has been impacted by a near-constant flow of small monthly net outflows. It’s difficult to say why these have bled assets. Performance hasn’t been that bad. It could simply be that granular bets on Europe in general have become less attractive for American investors," Kenneth Lamont told Wall Street Journal.

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