NORW ETF — Holdings & Analysis

The Global X MSCI Norway ETF (NORW) is an exchange-traded fund designed to track the investment results of the MSCI Norway IMI 25/50 Index. This index represents a broad range of companies in the Norwegian equity market. By investing in NORW, investors gain exposure to a diversified portfolio of Norwegian stocks, including large, mid, and small-cap companies. The fund's objective is to mirror the price and yield performance of the underlying index, before fees and expenses. As of 2026-03-15, NORW has $0.12 billion in assets under management and holds 56 stocks.

The expense ratio for the Global X MSCI Norway ETF (NORW) is 0.50%. This means that for every $10,000 invested in the fund, $50 is used to cover the fund's operating expenses annually. While there isn't a specific category average for Norway-focused ETFs, the expense ratio is higher than broad-based developed market equity ETFs, which often have expense ratios closer to 0.30%. the may be worth researching expense ratio as a factor when evaluating the overall cost of investing in NORW.

As of 2026-03-15, the top holdings in the Global X MSCI Norway ETF (NORW) are: DNB Bank ASA (12.60%), Equinor ASA (10.81%), Kongsberg Gruppen ASA (7.99%), Norsk Hydro ASA (5.73%), and Mowi ASA (4.91%). These holdings represent a significant portion of the fund's total assets and reflect the importance of the financial services, energy, and industrials sectors within the Norwegian economy. The performance of these key companies can significantly impact the overall performance of NORW. Investors should review the complete list of holdings for a comprehensive understanding of the fund's composition.

Whether NORW is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and outlook on the Norwegian economy. NORW provides targeted exposure to the Norwegian equity market, which can offer diversification benefits. However, it also exposes investors to country-specific risks. The fund's beta of 0.96 suggests it has historically moved in line with the broader market. the may be worth researching fund's expense ratio of 0.50% and sector concentrations when making a long-term investment decision. Past performance does not guarantee future results.

NORW is relatively unique, as there are few ETFs that offer focused exposure specifically to the Norwegian equity market. Compared to broader European or global equity ETFs, NORW is much more concentrated in a single country. Its expense ratio of 0.50% is higher than many broad-based international ETFs. With AUM of $0.12 billion, NORW is smaller than many of its broader market counterparts, which could impact liquidity. Investors seeking targeted exposure to Norway may find NORW suitable, while those looking for broader diversification may prefer other options.

As of 2026-03-15, the Global X MSCI Norway ETF (NORW) has a dividend yield of 0.00%. This indicates that the fund is not currently distributing dividends to its shareholders. The dividend yield can fluctuate over time depending on the dividend policies of the underlying companies held within the fund and the fund's distribution policy. Investors seeking income-generating investments may want to consider other ETFs with higher dividend yields.