ENOR
iShares MSCI Norway ETFENOR Fund Description
ENOR tracks a market-cap-weighted index of Norwegian stocks.
ENOR Factset Analytics Insight
ENOR is a relatively new challenger to the already-entrenched Global X FTSE Norway 30 ETF (NORW). It launched in January 2012 and almost perfectly encapsulates our definition of Norwegian markets exposure; at least, it does it as well as it can subject to the IRS' RIC diversification requirements. It tilts slightly smaller than our benchmark, as those RIC rules limit the weights of big companies like Statoil. It, like the Norwegian market as a whole, invests heavily in energy companies—they make up about 1/3 of ENOR's portfolio. ENOR's low asset tally has raised closure concerns at times. Now, investors have a near perfect substitute: rival NORW switched to ENOR’s index in July 2014, offering the same coverage in a fund with more AUM and a longer history.
ENOR MSCI ESG Analytics Insight
iShares MSCI Norway ETF has an MSCI ESG Fund Rating of AA based on a score of 8.01 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. iShares MSCI Norway ETF ranks in the 98th percentile within its peer group and in the 84th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
ENOR MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
ENOR CHARTS AND PERFORMANCE
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ENOR Summary Data
ENOR Portfolio Data
ENOR Portfolio Management
ENOR Tax Exposures
ENOR Fund Structure
ENOR Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of ENOR. ENOR is rated a 3 out of 5.
ENOR Tradability
ENOR Sector/Industry Breakdown
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ENOR TOP 10 HOLDINGS[View All]
ENOR Countries
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ENOR Regions
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ENOR Economic Development
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ENOR Performance Statistics
ENOR MSCI ESG Ratings
ENOR BENCHMARK COMPARISON SUMMARY
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ENOR BENCHMARK COMPARISON MARKET CAP SIZE
ENOR
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.