Key stats
About Global X MSCI Norway ETF
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Inception date
Sep 11, 2010
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Global X Management Co. LLC
Distributor
SEI Investments Distribution Co.
ISIN
US37950E1010
NORW offers targeted exposure to the large-, mid and small-cap segments of the Norwegian market. It will generally invest at least 80% of its total assets in the securities of the underlying index as well as in American and Global Depositary Receipts based on these securities. The underlying indexs 25/50 methodology reflects certain investment limits that are imposed on regulated investment companies under the current US Internal Revenue Code, specifically: No group entity exceeds 25% of index weight and all those that weigh above 5% cannot exceed 50% of the index weight. Prior to July 15, 2014, the fund was previously named Global X FTSE Norway 30 ETF and tracked the FTSE Norway 30 Index. On October 29, 2021, the fund merged with Global X FTSE Nordic Region ETF (GXF).
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Energy Minerals
Consumer Non-Durables
Stocks100.00%
Finance26.54%
Energy Minerals16.79%
Consumer Non-Durables11.86%
Producer Manufacturing9.71%
Process Industries5.74%
Technology Services5.66%
Communications5.50%
Transportation5.36%
Non-Energy Minerals4.95%
Industrial Services3.57%
Electronic Technology2.12%
Utilities1.14%
Retail Trade0.86%
Miscellaneous0.19%
Bonds, Cash & Other−0.00%
Cash−0.00%
Stock breakdown by region
Europe98.42%
North America0.80%
Asia0.79%
Latin America0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
NORW invests in stocks. The fund's major sectors are Finance, with 26.54% stocks, and Energy Minerals, with 16.79% of the basket. The assets are mostly located in the Europe region.
NORW top holdings are DNB Bank ASA and Equinor ASA, occupying 12.90% and 10.70% of the portfolio correspondingly.
NORW last dividends amounted to 0.60 USD. Six months before that, the issuer paid 0.60 USD in dividends, which shows a 0.29% increase.
NORW assets under management is 56.94 M USD. It's fallen 0.37% over the last month.
NORW fund flows account for −1.75 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, NORW pays dividends to its holders with the dividend yield of 4.38%. The last dividend (Jul 7, 2025) amounted to 0.60 USD. The dividends are paid semi-annually.
NORW shares are issued by Mirae Asset Global Investments Co., Ltd. under the brand Global X. The ETF was launched on Sep 11, 2010, and its management style is Passive.
NORW expense ratio is 0.51% meaning you'd have to pay 0.51% of your investment to help manage the fund.
NORW follows the MSCI Norway IMI 25/50 Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
NORW invests in stocks.
NORW price has risen by 1.72% over the last month, and its yearly performance shows a 17.62% increase. See more dynamics on NORW price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.27% over the last month, have fallen by −0.27% over the last month, showed a 2.32% increase in three-month performance and has increased by 22.14% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −0.27% over the last month, have fallen by −0.27% over the last month, showed a 2.32% increase in three-month performance and has increased by 22.14% in a year.
NORW trades at a premium (0.33%) meaning the ETF is trading at a higher price than the calculated NAV.