(NORW) MSCI Norway - Overview
ETF Category: Focused Region | Exchange: NYSE ARCA (USA) | Market Cap: 156m USD | Total Return: 42.5% in 12m
TER: 0.51%
Avg Turnover: 2.83M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
The Global X MSCI Norway ETF (NORW) tracks the MSCI Norway IMI 25/50 Index, providing concentrated exposure to the Norwegian equity market. The fund maintains a policy of investing a minimum of 80% of its assets in the underlying indexs securities or representative depositary receipts.
Norway’s economy is heavily weighted toward the energy and industrial sectors, driven by significant offshore petroleum extraction and maritime services. As a non-diversified fund, NORW often holds high concentrations in a limited number of large-cap constituents, such as Equinor or DNB Bank.
Investors can evaluate the underlying valuation metrics of these Nordic holdings at ValueRay. Given the funds micro-cap status and regional focus, it remains sensitive to fluctuations in global Brent crude prices and the strength of the Norwegian Krone.
- Brent crude price fluctuations drive energy sector revenue and margins
- Norges Bank interest rate policy impacts financial sector net interest income
- European natural gas demand sustains export volumes and fiscal stability
- Global shipping rates and trade volumes influence maritime and industrial earnings
Over the past week, the price has changed by +1.90%, over one month by +3.43%, over three months by +10.53% and over the past year by +42.48%.
| Analysts Target Price | - | - |