- EWD is around $543 million portfolio of mostly asset-heavy Swedish companies from the upper- and mid-cap equity echelons.
- This year, EWD has hit a rough patch, in sharp contrast to its stellar 2021 when it outperformed its Nordic peers EDEN and NORW.
- Surprisingly, strong inflation in the country made the Riksbank abandon the ultra-loose monetary policy. However, this is unlikely to bolster EWD's returns meaningfully.
- With forecast inflation up and the GDP growth rate down, EWD has a rather risky equity mix at the moment. It earns only a Hold rating this time.
For further details see:
EWD: A Suboptimal Allocation As Inflation Clouds The Outlook