Scandinavia Is Looking Good

Investors looking for international developed market exposure without the Euro Zone headaches should take a look at Scandinavia. Consisting of Sweden, Norway, Finland and Denmark, the region boosts rich natural resources, fiscal responsibility and currencies outside the realm of the Euro. Norway and Sweden are net lenders to the rest of the world. The North Sea is rich in oil deposits and fisheries. Scandinavia is also home to rich timber reserves and some of the world best known brands like phone maker Nokia

and Hennes & Mauritz

. Investors have a few options in playing the region. The broadest being the Global X FTSE Nordic 30 ETF

. The ETF includes investments in the entire territory, with Sweden as the largest holding. Investors can also directly play Sweden via the iShares MSCI Sweden Index

or its currency, the Krona, through the CurrencyShares Swedish Krona Trust

.