Norway

WisdomTree has filed with the SEC to create two new funds that track the change of the American dollar against a basket of world currencies. The new funds will compete with PowerShares US DB Dollar ETF (UUP: Quote, Profile, Advanced Chart, News), which has attracted more than $3 billion from investors. The WisdomTree Rising Dollar [...]

Global X Funds will take on its largest expansion yet, filing with the SEC to create thirteen new ETFs. Six of the new funds will target Chinese sectors, while the other seven are set to tap markets typically unavailable to U.S. investors. The Chinese funds are as follows: Global X Consumer, Global X China Energy, [...]

Global X Management has launched a new ETF on NYSE Arca, allowing American traders to invest in Nordic European countries. The Global X FTSE Nordic 30 ETF (GXF) offers exposure to the largest and most liquid stocks in Sweden, Denmark, Finland, and Norway. The new ETF will track the FTSE Nordic 30 index minus fees [...]

The two ETFs have reason to feel positive about the future. A power source shared among the funds is First Solar (FSLR), the most heavily weighted holding in each ETF. The Investor’s Business Daily article relays that this company is equipped to handle severe price declines. Over the past six quarters this company has outperformed [...]