March 27, 2025

FRANKFURT, Germany (March 27, 2025) – MarketVector IndexesTM (“MarketVector”), a leading provider of multi-asset and digital asset index solutions, today announced that the MarketVectorTM Iceland Global Index (MVISLG), developed in collaboration with New Iceland Advisors, has been licensed as the underlying benchmark for the GlacierShares Nasdaq Iceland ETF (NASDAQ: GLCR), a newly listed U.S. exchange-traded fund (ETF) from GlacierShares.

The index licensing signals growing investor interest in Iceland's economic story. The country stands out for its nearly 100% renewable electricity generation, globally recognized leadership in sustainable fishing, and long-standing political and financial stability. With abundant food and energy resources and seamless access to U.S. and European markets, Iceland offers a compelling investment landscape rooted in resilience and sustainability.

“We are proud to partner with New Iceland Advisors in developing the MarketVectorTM Iceland Global Index, a unique benchmark providing diversified and liquid exposure to the dynamic Icelandic economy. Iceland is a world leader in renewable energy and sustainable fishing, and its capital markets have strong potential for growth,” said Steven Schoenfeld, CEO of MarketVector.

The MarketVectorTM Iceland Global Index includes companies domiciled in Iceland or materially tied to the Icelandic economy. It is built on a transparent and rules-based methodology designed to meet global investability standards, offering investors efficient access to a region historically underrepresented in global benchmarks. With the launch of GLCR tracking the index, MarketVector and New Iceland Advisors enable broader participation in one of the world's most forward-looking economies.

For more information on the index, visit the MarketVectorTM Iceland Global Index page.

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