President Biden Says Finland, Sweden Joining NATO Makes World Safer
Portfolio Pulse from Happy Mohamed
President Biden has stated that Finland and Sweden joining NATO would make the world safer. This could potentially impact the ETFs EFNL (iShares MSCI Finland ETF), EWD (iShares MSCI Sweden ETF), SPY (SPDR S&P 500 ETF Trust), and VGK (Vanguard FTSE Europe ETF).
July 13, 2023 | 2:59 pm
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POSITIVE IMPACT
Finland's potential NATO membership could impact the iShares MSCI Finland ETF (EFNL).
Finland's potential NATO membership could lead to increased stability and international cooperation, which could positively impact the Finnish economy and, by extension, the EFNL ETF.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Sweden's potential NATO membership could impact the iShares MSCI Sweden ETF (EWD).
Sweden's potential NATO membership could lead to increased stability and international cooperation, which could positively impact the Swedish economy and, by extension, the EWD ETF.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The potential NATO membership of Finland and Sweden could impact the Vanguard FTSE Europe ETF (VGK).
The potential NATO membership of Finland and Sweden could lead to increased stability in Europe, which could positively impact the European economy and, by extension, the VGK ETF.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
The potential NATO membership of Finland and Sweden could have a minor impact on the SPDR S&P 500 ETF Trust (SPY).
While the potential NATO membership of Finland and Sweden could lead to increased global stability, the direct impact on the U.S. economy and the SPY ETF is likely to be minor.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 50