NAV | $25.81 | Daily Change | -$0.40 | -1.52% |
Market Price | $25.77 | Daily Change | -$0.28 | -1.07% |
Rebounding from the pandemic, Norway is forecasted to exceed 4% GDP growth in 2022. Its energy producers could be well-positioned for an inflationary environment.1
The Fund targets exposure to a single country.
Efficient access to a broad basket of Norwegian securities.
1OECD, Dec 2021
Inception Date | 11/09/10 |
Total Expense Ratio | 0.50% |
Net Assets | $103.38 million |
NAV | $25.81 |
Fact Sheet |
The Global X MSCI Norway ETF (NORW) invests in among the largest and most liquid Norwegian securities.
The Global X MSCI Norway ETF (NORW) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Norway IMI 25/50 Index.
Ticker | NORW |
Bloomberg Index Ticker | M1NO5IM |
CUSIP | 37950E101 |
ISIN | US37950E1010 |
Primary Exchange | NYSE Arca |
Shares Outstanding | 4,006,111 |
Number of Holdings | 68 |
30-Day Median Bid-Ask Spread | 0.48% |
30-Day SEC Yield | -1.73% |
Distribution Frequency | Semi-Annually |
NAV | $25.81 | Daily Change | -$0.40 | -1.52% |
Market Price | $25.77 | Daily Change | -$0.28 | -1.07% |
As of recent (03/31/22)
As of recent (03/31/22)
|
Fund NAV | Market Price | Index |
---|---|---|---|
1 Year | 13.76% | 12.88% | 14.29% |
3 Years | 10.27% | 9.94% | 10.67% |
5 Years | 10.16% | 9.83% | 10.51% |
10 Years | 4.03% | 3.91% | 4.57% |
Since Inception | 3.68% | 3.60% | 4.24% |
1 Year | 0.66% | -0.04% | 1.23% |
3 Years | 9.52% | 9.36% | 9.96% |
5 Years | 8.07% | 8.00% | 8.45% |
10 Years | 5.38% | 5.29% | 5.86% |
Since Inception | 3.12% | 3.08% | 3.68% |
Year-to-Date | 5.15% | 4.66% | 5.26% |
1 Month | 5.43% | 4.21% | 5.46% |
3 Months | 5.15% | 4.66% | 5.26% |
Since Inception | 50.94% | 49.54% | 60.61% |
Year-to-Date | -0.59% | -0.62% | -0.42% |
1 Month | 2.08% | 3.59% | 2.11% |
3 Months | -0.33% | -1.04% | -0.23% |
Since Inception | 42.70% | 41.99% | 51.95% |
Performance for periods prior to November 1, 2021 reflects the historical performance of the Global X MSCI Norway ETF, CUSIP 37950E747, the predecessor fund. Effective as of the close of business on October 29, 2021, the predecessor fund was reorganized into the Fund. The Hybrid Norway Index (noted as "Index" above in the chart) consists of the FTSE Norway 30 Index from the inception of the Fund through July 14, 2014, and the MSCI Norway IMI 25/50 Index going forward.
Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance of the Fund, when observed, is unusual and investors should not expect such performance to be repeated.
Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
---|---|---|---|---|---|---|
19.62 | EQNR NO | EQUINOR ASA | 7133608 | 32.99 | 614,794 | 20,279,641.75 |
9.95 | DNB NO | DNB BANK ASA | BNG7113 | 17.58 | 585,169 | 10,287,574.59 |
6.34 | AKRBP NO | AKER BP ASA | B1L95G3 | 32.94 | 198,925 | 6,552,762.40 |
5.94 | MOWI NO | MOWI ASA | B02L486 | 22.30 | 275,103 | 6,135,386.67 |
4.95 | NHY NO | NORSK HYDRO ASA | B11HK39 | 6.07 | 843,739 | 5,119,631.47 |
4.70 | TEL NO | TELENOR ASA | 4732495 | 12.91 | 376,372 | 4,860,523.26 |
4.15 | YAR NO | YARA INTERNATIONAL ASA | 7751259 | 42.99 | 99,757 | 4,288,242.18 |
3.44 | ORK NO | ORKLA ASA | B1VQF42 | 7.53 | 472,467 | 3,557,907.85 |
2.40 | SALM NO | SALMAR ASA | B1W5NW2 | 66.91 | 37,031 | 2,477,612.06 |
2.31 | TOM NO | TOMRA SYSTEMS ASA | BPLXRG7 | 16.05 | 148,886 | 2,388,948.58 |
2.26 | GJF NO | GJENSIDIGE FORSIKRING ASA | B4PH0C5 | 18.55 | 125,736 | 2,333,029.19 |
2.11 | STB NO | STOREBRAND ASA | 4852832 | 7.40 | 295,198 | 2,185,026.28 |
1.83 | BAKKA NO | BAKKAFROST P/F | B6632T7 | 59.92 | 31,588 | 1,892,893.65 |
1.75 | KOG NO | KONGSBERG GRUPPEN ASA | 5208241 | 32.27 | 56,184 | 1,812,933.31 |
1.65 | NOD NO | NORDIC SEMICONDUCTOR ASA | B00ZG06 | 15.61 | 108,980 | 1,700,793.94 |
1.24 | AKER NO | AKER ASA-A SHARES | B02R4D9 | 78.36 | 16,327 | 1,279,365.49 |
1.23 | ADE NO | ADEVINTA ASA | BJ0DP40 | 6.99 | 181,310 | 1,266,813.05 |
1.22 | LSG NO | LEROY SEAFOOD GROUP ASA | 4691916 | 6.75 | 186,953 | 1,262,104.60 |
1.20 | SRBNK NO | SPAREBANK 1 SR BANK ASA | B40JTQ3 | 11.02 | 112,350 | 1,238,150.23 |
1.13 | SUBC NO | SUBSEA 7 SA | 5258246 | 7.80 | 149,495 | 1,166,620.28 |
1.12 | NEL NO | NEL ASA | B02NR83 | 1.26 | 916,549 | 1,159,244.53 |
1.05 | TGS NO | TGS ASA | B15SLC4 | 14.68 | 73,589 | 1,080,082.07 |
0.94 | GOGLO QX | GOLDEN OCEAN GROUP LTD | BDCHQL2 | 11.93 | 81,690 | 974,532.11 |
0.94 | MING NO | SPAREBANK 1 SMN | B0LGG75 | 11.89 | 81,394 | 968,139.04 |
0.91 | BRG NO | BORREGAARD ASA | B8B6WX9 | 15.77 | 59,552 | 939,268.25 |
0.87 | SCHB NO | SCHIBSTED ASA-B SHS | BWVFKQ3 | 14.81 | 61,004 | 903,336.24 |
0.72 | SCHA NO | SCHIBSTED ASA-CL A | 4790534 | 16.25 | 45,771 | 743,982.22 |
0.65 | SCATC NO | Scatec ASA | BQSSWW3 | 8.99 | 74,533 | 670,289.34 |
0.65 | FRO NO | FRONTLINE LTD | BDDJSX3 | 8.89 | 75,340 | 669,826.81 |
0.63 | ELK NO | ELKEM ASA | BG0T3J8 | 3.27 | 197,551 | 646,979.43 |
0.62 | AUSS NO | AUSTEVOLL SEAFOOD ASA | B16MKT5 | 11.30 | 57,054 | 644,810.73 |
0.58 | VEI NO | VEIDEKKE ASA | B1XCHJ7 | 8.93 | 67,487 | 602,719.89 |
0.53 | CRAYN NO | CRAYON GROUP HOLDING AS | BD9PZ12 | 12.74 | 43,341 | 552,092.46 |
0.51 | NONG NO | SPAREBANK 1 NORD-NORGE | B06T259 | 8.87 | 59,558 | 528,316.83 |
0.51 | FLNG NO | FLEX LNG LTD | BJJMGB2 | 27.69 | 18,937 | 524,305.04 |
0.51 | ATEA NO | ATEA ASA | B12TR11 | 9.95 | 52,491 | 522,051.90 |
0.49 | ENTRA NO | ENTRA ASA | BRJ2VC4 | 12.38 | 41,062 | 508,211.45 |
0.45 | BORR NO | BORR DRILLING LTD | BPK3P64 | 5.59 | 82,888 | 463,310.80 |
0.44 | EPR NO | EUROPRIS ASA | BZ07696 | 4.55 | 98,879 | 450,181.46 |
0.43 | GSF NO | GRIEG SEAFOOD ASA | B1Y1P66 | 13.83 | 31,814 | 440,094.41 |
0.43 | BONHR NO | BONHEUR ASA | B1662B3 | 33.70 | 13,026 | 439,033.07 |
0.41 | AKSO NO | AKER SOLUTIONS ASA | BQN1C50 | 2.78 | 153,441 | 426,678.88 |
0.39 | BWLPG NO | BW LPG LTD | BGLPC98 | 7.46 | 54,312 | 405,122.06 |
0.38 | PROT NO | PROTECTOR FORSIKRING ASA | B182K93 | 10.29 | 37,698 | 387,803.66 |
0.37 | ACC NO | AKER CARBON CAPTURE ASA | BMPRVC8 | 1.91 | 202,584 | 386,680.60 |
0.37 | DNO NO | DNO ASA | B15GGN4 | 1.38 | 273,375 | 377,070.86 |
0.36 | NAS NO | NORWEGIAN AIR SHUTTLE AS | 7742123 | 0.90 | 416,163 | 374,932.17 |
0.35 | WAWI NO | WALLENIUS WILHELMSEN ASA | B55WMQ5 | 5.43 | 65,815 | 357,697.40 |
0.33 | MPCC NO | MPC CONTAINER SHIPS AS | BF20GN7 | 2.03 | 165,781 | 337,251.14 |
0.33 | KAHOT NO | KAHOOT! ASA | BZ17B89 | 1.96 | 171,538 | 336,727.46 |
0.30 | SPOL NO | SPAREBANK 1 OESTLANDET | BZ12WQ9 | 12.12 | 25,686 | 311,198.45 |
0.30 | SNI NO | STOLT-NIELSEN LTD | B4PKZG3 | 18.91 | 16,217 | 306,608.21 |
0.28 | AKH NO | AKER HORIZONS ASA | BMG4FY8 | 1.72 | 170,758 | 293,339.68 |
0.27 | RECSI NO | REC SILICON ASA | B01VHW2 | 1.66 | 169,645 | 281,457.79 |
0.25 | HAFNI NO | HAFNIA LTD | BJK0P85 | 3.42 | 75,379 | 257,467.80 |
0.24 | NYKD NO | NYKODE THERAPEUTICS ASA | BL1GQG1 | 3.01 | 81,996 | 247,119.81 |
0.20 | HEX NO | HEXAGON COMPOSITES ASA | 5186002 | 2.73 | 76,295 | 208,323.93 |
0.20 | NRS NO | NORWAY ROYAL SALMON ASA | B3MVZM8 | 25.27 | 8,216 | 207,583.13 |
0.17 | BWO NO | BW OFFSHORE LTD | BYYNFR4 | 2.73 | 62,837 | 171,829.29 |
0.16 | BEWI NO | BEWI AS | BN15TW9 | 5.62 | 29,372 | 164,944.93 |
0.13 | ODL NO | ODFJELL DRILLING LTD | BDX87W2 | 2.30 | 58,061 | 133,571.45 |
0.13 | LINK NO | LINK MOBILITY GR | BM99YX2 | 1.20 | 110,558 | 132,169.36 |
0.13 | BWE NO | BW ENERGY LTD | BKM1QH9 | 2.35 | 56,103 | 131,659.61 |
0.12 | ELO NO | ELOPAK ASA | BMCQVP1 | 1.63 | 76,284 | 124,148.68 |
0.12 | HPUR NO | HEXAGON PURUS ASA | BN7FJV2 | 2.59 | 47,752 | 123,575.13 |
0.10 | CASH | 0.96 | 111,265 | 107,191.37 | ||
0.10 | SBO NO | SELVAAG BOLIG ASA | B4V6DD8 | 3.59 | 28,124 | 101,005.91 |
0.09 | MWTR NO | MELTWATER HOLDING NV | BNDJT07 | 1.08 | 83,911 | 90,787.96 |
0.08 | VOLUE NO | VOLUE ASA | BLPJR07 | 2.60 | 31,487 | 81,926.55 |
Sector | Weight (%) | |
---|---|---|
Energy | 28.9 | |
Financials | 19.4 | |
Consumer Staples | 16.0 | |
Materials | 12.2 | |
Industrials | 10.0 | |
Communication Services | 8.0 | |
Information Technology | 3.5 | |
Utilities | 0.8 | |
Real Estate | 0.6 | |
Consumer Discretionary | 0.4 | |
Health Care | 0.2 |
Source: AltaVista Research, LLC
Return on Equity | 23.70% | |
Weighted Avg. Market Cap | 31,218 M | |
2021 | 2022 | |
Price-to-earnings | 14.39 | 8.70 |
Price-to-book value | 2.20 | 1.94 |
Source: AltaVista Research, LLC
Versus | Beta |
---|---|
S&P 500 | 1.26 |
MSCI EAFE | 1.39 |
MSCI Emg. Mkts | 1.12 |
Standard Deviation | 27.00% |
Source: AltaVista Research, LLC
Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Securities focusing on a single country may be subject to higher volatility. NORW is non-diversified.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Beginning October 15, 2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. Prior to October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.
Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.
Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by MSCI, nor does MSCI make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with MSCI.