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Upturn AI SWOT - About
Global X MSCI Norway ETF (NORW)
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Upturn Advisory Summary
08/14/2025: NORW (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit -12.22% | Avg. Invested days 50 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Volume (30-day avg) - | Beta 1.02 | 52 Weeks Range 22.29 - 30.41 | Updated Date 06/30/2025 |
52 Weeks Range 22.29 - 30.41 | Updated Date 06/30/2025 |
Upturn AI SWOT
Global X MSCI Norway ETF
ETF Overview
Overview
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. It primarily focuses on providing access to the Norwegian equity market. The fund invests in a broad range of Norwegian companies, primarily those with large and mid-cap market capitalizations, aiming to reflect the overall Norwegian economy.
Reputation and Reliability
Global X ETFs is a well-established issuer with a reputation for providing a range of thematic and international ETFs.
Management Expertise
Global X has a dedicated management team with experience in managing ETFs and tracking various indices.
Investment Objective
Goal
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.
Investment Approach and Strategy
Strategy: The ETF employs a passive management strategy, attempting to replicate the performance of the MSCI Norway IMI 25/50 Index.
Composition The ETF primarily holds stocks of Norwegian companies across various sectors, with a focus on energy, financials, and materials.
Market Position
Market Share: NORW holds a significant market share as the only US-listed ETF focused specifically on Norway.
Total Net Assets (AUM): 239100000
Competitors
Key Competitors
Competitive Landscape
NORW is the primary ETF for accessing the Norwegian market in the US. Without direct competitors, NORW holds a unique position. Investors seeking exposure to Norway must use NORW, giving it a significant advantage. However, it also faces the disadvantage of being the sole option, offering no alternatives for investors seeking different strategies or expense ratios.
Financial Performance
Historical Performance: Historical performance data is available from fund factsheets and various financial data providers.
Benchmark Comparison: The ETF's performance is compared to the MSCI Norway IMI 25/50 Index to assess tracking efficiency.
Expense Ratio: 0.5
Liquidity
Average Trading Volume
The average trading volume is moderate, generally sufficient for most investors.
Bid-Ask Spread
The bid-ask spread is typically reasonable, though it can widen during periods of market volatility.
Market Dynamics
Market Environment Factors
The ETF's performance is influenced by Norwegian economic indicators, global energy prices (due to Norway's oil and gas sector), and overall market sentiment towards European equities.
Growth Trajectory
Growth trends are tied to the Norwegian economy, global energy demand, and investor interest in international diversification. The ETF has maintained a consistent strategy of tracking the MSCI Norway IMI 25/50 Index.
Moat and Competitive Advantages
Competitive Edge
NORW's main advantage is its singular focus on providing access to the Norwegian equity market within the US ETF landscape. This specialization allows investors to target Norway specifically for diversification or thematic investment strategies. There are currently no direct competitor ETFs that offer the same level of Norwegian market exposure. This absence of competition, along with Global Xu2019s established ETF management, forms NORWu2019s competitive edge.
Risk Analysis
Volatility
The ETF's volatility is influenced by the volatility of the Norwegian stock market and fluctuations in the Norwegian Krone currency.
Market Risk
Specific risks include currency risk (NOK/USD exchange rate), geopolitical risks related to Norway, and sector-specific risks associated with the dominance of energy and financial companies in the Norwegian economy.
Investor Profile
Ideal Investor Profile
The ideal investor is someone seeking diversification into the Norwegian equity market, often as part of a broader international investment strategy.
Market Risk
The ETF is suitable for long-term investors and those seeking passive index tracking of the Norwegian market.
Summary
The Global X MSCI Norway ETF (NORW) provides targeted exposure to the Norwegian equity market. Its primary focus is tracking the MSCI Norway IMI 25/50 Index, offering a simple and efficient way for U.S. investors to diversify into the Norwegian economy. With its current monopoly in the market, NORW is a crucial tool for investors seeking Norwegian exposure. Investors should consider the potential risks associated with currency fluctuations and sector concentrations within the Norwegian market before investing in the ETF. The ETF carries an expense ratio of 0.50% which should be considered in any investment decision.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Global X ETFs website
- MSCI Index Fact Sheet
- Various financial data providers
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investors should consult with a financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Global X MSCI Norway ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on the securities in the underlying index. The underlying index is designed to represent the performance of the broad Norway equity universe. The fund is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.