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Index Description

The MarketVector™ Arctic Circle Index (MVARC) tracks the performance of companies whose headquarters are located near or in the Arctic Circle.

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MarketVector™ Arctic Circle Index

Alvotech SA – Produces biosimilar medicines with global commercial reach, supporting affordable access to biologic therapies.

 

Amaroq Ltd. – A mining company focused on developing mineral resources in Greenland to support long-term industrial and energy-transition demand.

 

Arion banki hf – A universal Icelandic bank providing retail, corporate, and investment banking services.

 

Bakkafrost P/F – A vertically integrated salmon farming company operating across the Faroe Islands and Scotland.

 

Contango Ore Inc. – A U.S.-based mining company developing iron ore assets in Alaska with proximity to Arctic infrastructure.

 

Eik fasteignafélag hf – An Icelandic real estate company managing and leasing residential, retail, and office properties.

 

Embla Medical hf – A global healthcare company specializing in prosthetics, bracing, and orthotic solutions.

 

Faron Pharmaceuticals Oy – A Finnish biopharmaceutical company developing novel immunotherapies for oncology and inflammatory diseases.

 

Festi hf – An Icelandic holding company focused on retail and consumer businesses through a diversified portfolio.

 

Grieg Seafood ASA – A global seafood company focused on salmon farming, processing, and distribution.

 

Hagar hf – A leading Icelandic retail group operating grocery stores, fuel stations, and consumer service businesses.

 

Hampiðjan hf – An Icelandic marine and industrial equipment company serving fisheries and global industrial markets.

 

Heimar hf – An Icelandic commercial real estate company owning and managing office, warehouse, and retail properties.

 

Hexagon Composites ASA – A Norwegian industrial company producing composite pressure cylinders for clean energy and gas transport.

 

Icelandair Group hf – Iceland’s largest airline group operating transatlantic and European passenger routes.

 

Íslandsbanki hf – A universal Icelandic bank serving individuals, corporations, and institutional clients.

 

JBT Marel Corporation – A global food processing and technology company headquartered in Iceland with worldwide operations.

 

Kaldalon hf – A Reykjavík-based real estate company focused on residential and mixed-use development projects.

 

Kvika banki hf – A financial services group offering banking, asset management, investment banking, and insurance solutions.

 

Lerøy Seafood Group ASA – A global seafood company producing and distributing salmon, trout, and whitefish products.

 

Mowi ASA – The world’s largest producer of Atlantic salmon with fully integrated global operations.

 

Nokian Renkaat Oyj – A Finnish tire manufacturer specializing in premium winter and all-weather tires.

 

Norbit ASA – A Norwegian technology company providing solutions across maritime, industrial, and digital infrastructure markets.

 

Nova hf – An Icelandic telecommunications provider offering mobile, broadband, and business communication services.

 

Oculis Holding AG – A biopharmaceutical company developing treatments for retinal and ophthalmic diseases.

 

OKEA ASA – A Norwegian energy company focused on oil and gas development on the Norwegian continental shelf.

 

Rana Gruber ASA – A Norwegian iron ore producer supplying raw materials for steel and industrial applications.

 

Reginn hf – An Icelandic real estate company focused on commercial and service-oriented properties.

 

Reitir fasteignafélag hf – One of Iceland’s largest commercial real estate companies with a diversified property portfolio.

 

SalMar ASA – One of the world’s leading producers of farmed Atlantic salmon.

 

Salmon Evolution ASA – A sustainable aquaculture company focused on land-based salmon farming technology.

 

Síminn hf – An Icelandic telecommunications company providing internet, mobile, and network services.

 

Skagi hf – An Icelandic financial group operating across insurance and capital markets activities.

 

Skel fjárfestingafélag hf – An Icelandic investment company supporting operating businesses and entrepreneurs across sectors.

 

SpareBank 1 Nord-Norge – A regional Norwegian bank serving individuals and businesses in northern Norway.

 

Sjóvá-Almennar tryggingar hf – An Icelandic insurance company providing property, health, and motor insurance services.

 

Talenom Oyj – A Finnish financial services company offering accounting and advisory services to small and mid-sized businesses.

 

Vátryggingafélag Íslands hf – An Icelandic insurance company providing life, health, and non-life insurance products.

 

Vitec Software Group AB – A Swedish software company delivering industry-specific business software across Northern Europe.

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