- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Jan 2, 2009
- Business
- ELEMENTS Linked to SPECTRUM Large Cap U.S. Sector Momentum Index (EEH) is an exchange-traded note (ETN) that seeks to replicate, net of fees, the performance of the SPECTRUM Large Cap U.S. Sector Momentum Index. The underlying index tracks a notional portfolio composed of the ten sector sub-indices of the S&P 500, with weights determined by momentum scores based on relative performance over a six-month period; it offers exposure to U.S. large-cap equities across sectors including technology, financials, healthcare, consumer discretionary, communication services, industrials, consumer staples, energy, utilities, and materials. Issued by the Government of Sweden through AB Svensk Exportkredit (publ), doing business as Swedish Export Credit Corporation (SEK), the ETN provides investors with momentum-driven sector rotation strategies without direct ownership of the underlying securities.
SEK, founded in 1962 and headquartered in Stockholm, Sweden, operates globally to provide financing solutions that promote Swedish exports, infrastructure, and international competitiveness on commercial and sustainable terms; it structures and issues structured products such as ETNs under the ELEMENTS brand through its international operations. The ELEMENTS suite includes various ETNs linked to commodity, currency, equity momentum, volatility, and leverage indices, targeting institutional and retail investors seeking targeted exposure via unsecured senior debt obligations backed by SEK's full faith and credit.
The EEH ETN, launched prior to 2010, remains listed on the NYSE but shows no active trading volume as of 2025, with a last quoted price around $32.45; ETF Database categorizes it as inactive, reflecting discontinued issuance or liquidity. No major partnerships, funding rounds, acquisitions, or product relaunches specific to EEH or the SPECTRUM index have been announced in the last 1-2 years, consistent with the ELEMENTS program's dormancy following the 2018 acquisition of the ELEMENTS brand by another provider and subsequent issuer shifts. SEK continues to focus on export credit financing in over 60 countries, administering the OECD-aligned CIRR system for fixed-rate export loans, while maintaining its structured notes portfolio amid a broader ETN market dominated by U.S.-based issuers.