| NAV | $26.18 | Daily Change | $0.10 | 0.38% |
| Market Price | $26.11 | Daily Change | $0.06 | 0.23% |
Norway is forecasted to exceed 2.5% GDP growth in 2023. Its energy producers could be well-positioned for an inflationary environment.1
The ETF targets exposure to a single country.
NORW delivers efficient access to a broad basket of Norwegian securities.
1Statista, Dec 2022
| Inception Date | 11/09/10 |
| Total Expense Ratio | 0.51% |
| Net Assets | $52.51 million |
| NAV | $26.18 |
| Fact Sheet | View the document |
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 | 2,006,111 |
| Number of Holdings | 68 |
| 30-Day Median Bid-Ask Spread | 0.52% |
| 30-Day SEC Yield | 1.66% |
| Distribution Frequency | Semi-Annually |
| NAV | $26.18 | Daily Change | $0.10 | 0.38% |
| Market Price | $26.11 | Daily Change | $0.06 | 0.23% |
|
As of recent (03/31/24)
As of recent (03/31/24)
|
Fund NAV | Market Price | Index |
|---|---|---|---|
| 1 Year | 6.02% | 6.74% | 6.50% |
| 3 Years | -1.74% | -1.56% | -1.42% |
| 5 Years | 2.26% | 2.34% | 2.59% |
| 10 Years | 0.26% | 0.31% | 0.60% |
| Since Inception | 1.73% | 1.76% | 2.24% |
| 1 Year | 6.71% | 5.18% | 7.22% |
| 3 Years | -2.73% | -2.85% | -2.40% |
| 5 Years | 2.08% | 1.81% | 2.43% |
| 10 Years | 0.04% | -0.09% | 0.41% |
| Since Inception | 1.80% | 1.73% | 2.32% |
| Year-to-Date | -4.12% | -3.69% | -4.01% |
| 1 Month | 2.39% | 3.11% | 2.44% |
| 3 Months | -4.12% | -3.69% | -4.01% |
| Since Inception | 25.87% | 26.36% | 34.63% |
| Year-to-Date | -3.10% | -4.00% | -2.92% |
| 1 Month | 1.06% | -0.33% | 1.13% |
| 3 Months | 1.64% | 1.41% | 1.80% |
| Since Inception | 27.20% | 25.94% | 36.16% |
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.
Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). 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, 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 ($) |
|---|---|---|---|---|---|---|
| 15.22 | EQNR NO | EQUINOR ASA | 7133608 | 28.56 | 279,799 | 7,990,410.26 |
| 10.46 | DNB NO | DNB BANK ASA | BNG7113 | 19.11 | 287,389 | 5,491,831.40 |
| 5.06 | MOWI NO | MOWI ASA | B02L486 | 18.39 | 144,409 | 2,655,333.82 |
| 4.92 | NHY NO | NORSK HYDRO ASA | B11HK39 | 6.28 | 411,668 | 2,583,639.37 |
| 4.76 | AKRBP NO | AKER BP ASA | B1L95G3 | 25.48 | 98,048 | 2,497,882.18 |
| 4.36 | TEL NO | TELENOR ASA | 4732495 | 11.71 | 195,368 | 2,287,025.23 |
| 4.05 | KOG NO | KONGSBERG GRUPPEN ASA | 5208241 | 77.92 | 27,284 | 2,125,921.05 |
| 3.15 | ORK NO | ORKLA ASA | B1VQF42 | 7.62 | 217,346 | 1,655,306.75 |
| 2.84 | YAR NO | YARA INTERNATIONAL ASA | 7751259 | 29.09 | 51,326 | 1,492,824.66 |
| 2.69 | STB NO | STOREBRAND ASA | 4852832 | 10.32 | 137,061 | 1,414,216.05 |
| 2.44 | SALM NO | SALMAR ASA | B1W5NW2 | 62.74 | 20,457 | 1,283,508.17 |
| 2.33 | SUBC NO | SUBSEA 7 SA | 5258246 | 17.33 | 70,707 | 1,225,539.14 |
| 2.09 | FRO NO | FRONTLINE PLC | BMHDM54 | 26.58 | 41,363 | 1,099,318.32 |
| 2.03 | GJF NO | GJENSIDIGE FORSIKRING ASA | B4PH0C5 | 17.21 | 61,939 | 1,066,115.19 |
| 1.77 | TOM NO | TOMRA SYSTEMS ASA | BPLXRG7 | 12.67 | 73,318 | 928,840.31 |
| 1.72 | SCHB NO | SCHIBSTED ASA-B SHS | BWVFKQ3 | 29.89 | 30,131 | 900,623.07 |
| 1.70 | BAKKA NO | BAKKAFROST P/F | B6632T7 | 57.28 | 15,581 | 892,509.76 |
| 1.43 | SRBNK NO | SPAREBANK 1 SR BANK ASA | B40JTQ3 | 13.10 | 57,208 | 749,630.10 |
| 1.36 | HAFNI NO | HAFNIA LTD | BJK0P85 | 8.23 | 86,769 | 713,827.63 |
| 1.33 | SCHA NO | SCHIBSTED ASA-CL A | 4790534 | 30.82 | 22,606 | 696,618.42 |
| 1.24 | NOD NO | NORDIC SEMICONDUCTOR ASA | B00ZG06 | 12.16 | 53,628 | 652,099.65 |
| 1.14 | GOGL NO | GOLDEN OCEAN GROUP LTD | BDCHQL2 | 14.93 | 40,061 | 597,975.17 |
| 1.08 | MING NO | SPAREBANK 1 SMN | B0LGG75 | 14.18 | 39,794 | 564,382.34 |
| 0.99 | BRG NO | BORREGAARD ASA | B8B6WX9 | 17.92 | 29,122 | 521,739.30 |
| 0.87 | SDRL NO | SEADRILL LIMITED | BMYS6T4 | 50.11 | 9,082 | 455,100.13 |
| 0.85 | BWLPG NO | BW LPG LTD | BGLPC98 | 15.99 | 27,880 | 445,824.06 |
| 0.84 | CASH | 1.00 | 443,116 | 443,115.71 | ||
| 0.83 | TGS NO | TGS ASA | B15SLC4 | 10.85 | 40,162 | 435,953.67 |
| 0.77 | AKER NO | AKER ASA-A SHARES | B02R4D9 | 58.86 | 6,831 | 402,039.20 |
| 0.75 | DOFG NO | DOF GROUP ASA | BQWSKZ8 | 8.54 | 45,971 | 392,443.67 |
| 0.74 | HAUTO NO | HOEGH AUTOLINERS ASA | BMFDP24 | 11.11 | 35,049 | 389,534.24 |
| 0.72 | LSG NO | LEROY SEAFOOD GROUP ASA | 4691916 | 4.61 | 82,106 | 378,534.63 |
| 0.72 | BNOR NO | BLUENORD ASA | B23D2M5 | 52.19 | 7,225 | 377,089.08 |
| 0.71 | BORR NO | BORR DRILLING LTD | BPK3P64 | 5.78 | 64,697 | 373,889.77 |
| 0.70 | WAWI NO | WALLENIUS WILHELMSEN ASA | B55WMQ5 | 11.31 | 32,380 | 366,163.50 |
| 0.69 | PROT NO | PROTECTOR FORSIKRING ASA | B182K93 | 22.02 | 16,421 | 361,662.56 |
| 0.65 | SNI NO | STOLT-NIELSEN LTD | B4PKZG3 | 47.94 | 7,164 | 343,409.52 |
| 0.61 | ATEA NO | ATEA ASA | B12TR11 | 13.33 | 24,076 | 320,829.15 |
| 0.60 | EPR NO | EUROPRIS ASA | BZ07696 | 6.52 | 48,552 | 316,754.83 |
| 0.59 | AKSO NO | AKER SOLUTIONS ASA | BQN1C50 | 4.08 | 75,278 | 307,069.48 |
| 0.58 | NAS NO | NORWEGIAN AIR SHUTTLE AS | 7742123 | 1.37 | 220,773 | 302,265.05 |
| 0.53 | NONG NO | SPAREBANK 1 NORD-NORGE | B06T259 | 9.55 | 29,174 | 278,721.82 |
| 0.51 | NEL NO | NEL ASA | B02NR83 | 0.53 | 512,702 | 269,868.13 |
| 0.51 | SCATC NO | Scatec ASA | BQSSWW3 | 7.27 | 36,558 | 265,908.35 |
| 0.50 | FLNG NO | FLEX LNG LTD | BJJMGB2 | 28.69 | 9,054 | 259,734.23 |
| 0.49 | CADLR NO | CADELER A/S | BMYDHR4 | 4.91 | 52,373 | 257,352.84 |
| 0.46 | AUSS NO | AUSTEVOLL SEAFOOD ASA | B16MKT5 | 8.60 | 27,936 | 240,292.72 |
| 0.43 | ENTRA NO | ENTRA ASA | BRJ2VC4 | 10.12 | 22,292 | 225,680.15 |
| 0.41 | CRAYN NO | CRAYON GROUP HOLDING AS | BD9PZ12 | 9.28 | 23,293 | 216,198.84 |
| 0.41 | PGS NO | PGS ASA | B1L7YL5 | 0.73 | 291,966 | 213,283.08 |
| 0.38 | MPCC NO | MPC CONTAINER SHIPS AS | BF20GN7 | 1.83 | 108,392 | 198,203.43 |
| 0.32 | ELK NO | ELKEM ASA | BG0T3J8 | 1.92 | 87,586 | 168,101.06 |
| 0.30 | DNO NO | DNO ASA | B15GGN4 | 1.05 | 148,173 | 155,492.39 |
| 0.29 | KIT NO | KITRON ASA | 5399684 | 2.84 | 54,195 | 153,765.31 |
| 0.26 | ODL NO | ODFJELL DRILLING LTD | BDX87W2 | 4.85 | 27,834 | 134,968.96 |
| 0.25 | SPOL NO | SPAREBANK 1 OESTLANDET | BZ12WQ9 | 12.58 | 10,218 | 128,521.64 |
| 0.20 | GSF NO | GRIEG SEAFOOD ASA | B1Y1P66 | 6.86 | 15,003 | 102,878.19 |
| 0.18 | ODF NO | ODFJELL SE-A SHS | B086463 | 17.58 | 5,297 | 93,134.50 |
| 0.17 | AGAS NO | AVANCE GAS HOLDING LTD | BFH4P48 | 16.06 | 5,645 | 90,686.09 |
| 0.16 | CLCO NO | COOL CO LTD | BPBKK81 | 11.98 | 7,094 | 85,013.51 |
| 0.16 | HEX NO | HEXAGON COMPOSITES ASA | 5186002 | 2.16 | 37,813 | 81,706.20 |
| 0.16 | NORCO NO | NORCONSULT AS | BMTQPF2 | 2.56 | 31,871 | 81,696.31 |
| 0.15 | GCC NO | GRAM CAR CARRIERS ASA | BPGC145 | 23.78 | 3,377 | 80,313.99 |
| 0.14 | ACC NO | AKER CARBON CAPTURE ASA | BMPRVC8 | 0.66 | 108,594 | 71,852.00 |
| 0.14 | RECSI NO | REC SILICON ASA | B01VHW2 | 0.88 | 80,340 | 70,703.24 |
| 0.12 | BWO NO | BW OFFSHORE LTD | BYYNFR4 | 2.59 | 23,846 | 61,787.49 |
| 0.11 | BELCO NO | BELSHIPS ASA | 4109174 | 2.35 | 25,228 | 59,181.75 |
| 0.10 | NYKD NO | NYKODE THERAPEUTICS ASA | BL1GQG1 | 1.30 | 42,154 | 54,807.77 |
| 0.09 | BWE NO | BW ENERGY LTD | BKM1QH9 | 2.71 | 18,314 | 49,572.22 |
| 0.00 | SWEDISH KRONE | 0.09 | 4 | 0.41 | ||
| 0.00 | NORWEGIAN KRONE | 0.09 | -1,095 | -101.30 | ||
| -0.26 | OTHER PAYABLE & RECEIVABLES | 1.00 | -135,731 | -135,731.19 |
| Sector | Weight (%) | |
|---|---|---|
| Energy | 32.8 | |
| Financials | 19.0 | |
| Consumer Staples | 13.6 | |
| Industrials | 11.6 | |
| Communication Services | 9.6 | |
| Materials | 9.2 | |
| Information Technology | 2.5 | |
| Consumer Discretionary | 0.6 | |
| Utilities | 0.5 | |
| Real Estate | 0.4 | |
| Health Care | 0.1 | |
| Other | 0.1 |
| Industry | Weight (%) | |
|---|---|---|
| Integrated Oil | 16.1 | |
| Major Banks | 10.4 | |
| Marine Shipping | 6.5 | |
| Oil & Gas Production | 6.0 | |
| Agricultural Commodities/Milling | 5.9 | |
| Aluminum | 5.6 | |
| Food: Meat/Fish/Dairy | 5.4 | |
| Oilfield Services/Equipment | 5.0 | |
| Major Telecommunications | 4.7 | |
| Aerospace & Defense | 4.0 | |
| Savings Banks | 3.3 | |
| Other | 27.1 |
All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.
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.