NORW

Global X MSCI Norway ETF
*Unless otherwise stated, data provided by FactSet.

NORW Fund Description

NORW tracks a market-cap-weighted index of Norwegian stocks.

NORW Factset Analytics Insight

NORW, the segment leader in assets and liquidity, changed its index in July 2014 to match that of its lone competing ETF, ENOR. While this move effectively reduces choice for ETF investors, the change is an improvement with respect to marketlike coverage. ENOR's high Fit score proves this; it indicates that the underlying index now common to both funds aligns well with our benchmark. NORW's exposure is dominated by energy, reflecting that sector's prominence. Marketlike coverage here is extremely concentrated, so the fund's returns are quite sensitive to those of single names (like Statoil). NORW isn't cheap to trade but holds a clear edge over ENOR. NORW leads in AUM by far, but its fee advantage is not large enough meaningful. NORW earned Analyst Pick for decent coverage in a viable wrapper, and its case is only strengthened following the index change.

NORW MSCI ESG Analytics Insight

Global X MSCI Norway ETF has an MSCI ESG Fund Rating of AA based on a score of 7.51 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. Global X MSCI Norway ETF ranks in the 93th percentile within its peer group and in the 43th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

NORW 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.

NORW Charts And Performance

Price Chart ($)
Total Return Chart (%)
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PERFORMANCE [as of 10/21/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
NORW -0.59% -2.40% 5.04% -12.33% 6.39% -0.06% --
NORW (NAV) -1.25% -2.64% 5.47% -11.98% 6.69% 0.12% --
MSCI Norway IMI 25/50 Index -1.26% -2.53% 5.76% -11.79% -- -- --
MSCI Norway IMI -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

NORW Summary Data

Global X
11/09/10
Open-Ended Fund
0.50%
$78.76M
$349.07K
0.31%

NORW Portfolio Data

$17.42B
24.70
1.59
7.75%
12/30/19
66

NORW Index Data

Market Cap
Market Cap
MSCI Norway IMI

NORW Portfolio Management

0.50%
-0.29%
-0.15%
-0.47%

NORW Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

NORW Fund Structure

Open-Ended Fund
No
Yes
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

NORW Factset Analytics Block Liquidity

As of 10/22/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of NORW. NORW is rated a 3 out of 5.

NORW Tradability

30,577
$349.07K
19,206
$221.79K
0.31%
$0.04
-0.16%
1.37% / -2.58%
None
17.00%
50,000
0.38
0.21%
0.24%
0
$11.82
3

NORW Sector/Industry Breakdown


NORW
Segment Benchmark
25.87%
24.31%
24.15%
24.21%
19.16%
19.64%
11.15%
11.36%
8.98%
10.31%
4.67%
4.99%
3.05%
2.81%
1.93%
1.66%
0.93%
0.61%
0.10%
0.11%

NORW Top 10 Holdings[View All]

13.41%
12.01%
10.26%
7.87%
4.52%
4.05%
3.36%
2.99%
2.31%
2.24%
63.02%

NORW Countries


NORW
Segment Benchmark
98.70%
99.01%
1.30%
0.99%

NORW Regions


NORW
Segment Benchmark
98.70%
99.01%
1.30%
0.99%

NORW Economic Development


NORW
Segment Benchmark
100.00%
100.00%

NORW Performance Statistics

--
--
--
--
0.00%
MSCI Norway IMI

NORW MSCI ESG Ratings

AA
7.51 / 10
42.95
93.15
0.53%
15.77%
200.91

NORW Benchmark Comparison Holdings

66
65
65
95.53%

NORW Benchmark Comparison Summary


NORW
Segment Benchmark
66
65
$17.42B
$17.53B
24.70
24.07
1.59
1.62
4.02%
4.03%
High
High

NORW Benchmark Comparison Market Cap Size


NORW
Segment Benchmark
35.58%
35.66%
42.68%
44.02%
18.17%
17.35%
3.58%
2.97%