Global X MSCI Norway ETF (NORW)
| Assets | $45.91M |
| Expense Ratio | 0.51% |
| PE Ratio | 11.00 |
| Shares Out | 1.83M |
| Dividend (ttm) | $1.41 |
| Dividend Yield | 5.63% |
| Ex-Dividend Date | Dec 30, 2024 |
| Payout Ratio | 61.88% |
| 1-Year Return | +4.05% |
| Volume | 6,709 |
| Open | 25.08 |
| Previous Close | 25.14 |
| Day's Range | 24.82 - 25.08 |
| 52-Week Low | 23.32 |
| 52-Week High | 27.56 |
| Beta | 0.90 |
| Holdings | 64 |
| Inception Date | Nov 9, 2010 |
About NORW
Fund Home PageThe Global X MSCI Norway ETF (NORW) is an exchange-traded fund that is based on the MSCI Norway IMI 25/50 index, a market-cap-weighted index of Norwegian stocks. NORW was launched on Nov 9, 2010 and is issued by Global X.
Top 10 Holdings
61.36% of assets| Name | Symbol | Weight |
|---|---|---|
| DNB Bank ASA | DNB | 12.79% |
| Equinor ASA | EQNR | 11.96% |
| Kongsberg Gruppen ASA | KOG | 6.66% |
| Mowi ASA | MOWI | 5.62% |
| Norsk Hydro ASA | NHY | 5.26% |
| Telenor ASA | TEL | 4.73% |
| Orkla ASA | ORK | 4.23% |
| Aker BP ASA | AKRBP | 4.15% |
| Yara International ASA | YAR | 3.04% |
| Storebrand ASA | STB | 2.93% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2024 | $0.603 | Jan 7, 2025 |
| Jun 27, 2024 | $0.81102 | Jul 5, 2024 |
| Dec 28, 2023 | $0.49788 | Jan 8, 2024 |
| Jun 29, 2023 | $0.84441 | Jul 10, 2023 |
| Dec 29, 2022 | $0.47098 | Jan 9, 2023 |
| Jun 29, 2022 | $0.55707 | Jul 8, 2022 |
News
NORW: Improving Macros, Cheap Valuations, And Favorable Charts (Rating Upgrade)
NORW hasn't fared too well since our HOLD rating in February 2022, but we are prepared to turn bullish now. Real GDP growth is set to improve even further this year, while fiscal and monetary policy i...
NORW: Skip Norway Ahead Of Further Monetary Tightening
The Global X MSCI Norway ETF has gained some reprieve this month on the back of resilient economic data. But the monetary tightening cycle is far from over and will weigh on equity valuations near-ter...
NORW: Emerging Domestic And External Headwinds Weigh On The Norwegian Outlook
The Global X MSCI Norway ETF continues to be weighed down by the global energy and commodities weakness. Domestically, further rate hikes by the hawkish Norges Bank look set to trigger a broader econo...
Prepare For Fed Easing And A Market Rally By Year-End
The Federal Reserve is suffering massive operating losses. When politicians wake up, Fed losses will draw their fire.
NORW: Dovish Signals From Norges Bank Bode Ill For The Krone
NORW has underperformed IVV since my previous note, partly owing to the soft performance of the krone. This article provides a look at Norway's monetary policy, with the main conclusion being there is...
NORW: Krone Falls As Oil Price Unable To Shore It Up
NORW is a top-heavy passively managed exchange-traded fund tracking the MSCI Norway IMI 25/50 Index. In the current iteration, NORW is long 68 stocks, with the top ten accounting for more than 63%. En...
NORW Is A Narrow But Solid Bet Without Much FX Risk
NORW is a relatively one dimensional ETF that allows investors to make quite a narrow bet while diversifying totally idiosyncratic risk. The FX risks are limited for US investors due to oil being trad...
Examining Norway's Crucial Place In European Energy Security
In 2022, Europe once again finds itself in the throes of an energy crisis, as it reassesses its reliance on Russia for oil and gas. As Norway's Energy ecosystem took shape, the stream of revenue from ...
Global X MSCI Norway ETF- Key Discussion Points
Norway is expected to deliver healthy growth in 2022 but this should fade away by 2023. Overleveraged Norwegian households will now have to face an aggressive pivot in policy rates.
NORW: Oil, Interest Rates, And Other Issues To Remember
NORW is a small-size fund offering a relatively concentrated portfolio of Norwegian companies operating predominantly in the financial, consumer staples, and energy sectors. Brent price and hawkish mo...
Norway Joins Emerging Markets In Rate Hike Lift-Off
The majority of EM central banks are steadily hiking policy rates and developed markets are not far behind. We see near-term risks but maintain a medium and longer-term bullish outlook for emerging ma...
Global X MSCI Norway's Upside: Why Norges Bank May Go Hawkish
Global X MSCI Norway's Upside: Why Norges Bank May Go Hawkish