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MarketVector Indexes has announced that its MarketVector Iceland Global Index will serve as the underlying benchmark for the newly listed GlacierShares Nasdaq Iceland ETF (NASDAQ: GLCR). The index, developed in partnership with New Iceland Advisors, focuses on companies domiciled in Iceland or significantly connected to the Icelandic economy.
The index licensing reflects increasing investor interest in Iceland's economic potential, highlighting the country's distinctive features including 100% renewable electricity generation, leadership in sustainable fishing, and established political and financial stability. The transparent, rules-based methodology is designed to meet global investability standards, providing access to a traditionally underrepresented market in global benchmarks.