I got a notification that there was a comment on this post, but I do not see it. Assuming I'm not having a delusion...

Mike, IMO a regional product makes the most sense when the countries have a lot in common and I'm not sure these do. If they don't then there could be offset amongst the countries that creates a drag for investors. Norway is about oil, Denmark seems to be more about manufacturing and shipping, Sweden has some resources but I think of Volvo (which is a client holding) and others may think of tech like Ericsson, Finland has a lot of forest land and Iceland has cheap energy they are trying to use to entice things like data centers to come set up shop kind of like the way Alcan did. Iceland also has a very sophisticated banking sector (maybe too sophisticated if you know what i mean).

I don't really use regional products and while I am not sure if I am right about any of this i think better precision with the portfolio can be achieved by going narrower.