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Upturn AI SWOT - About
Global X MSCI Norway ETF (NORW)
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Upturn Advisory Summary
03/11/2025: 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.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit -22.38% | Avg. Invested days 42 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/11/2025 |
Key Highlights
Volume (30-day avg) 7032 | Beta 1.04 | 52 Weeks Range 22.75 - 27.78 | Updated Date 04/6/2025 |
52 Weeks Range 22.75 - 27.78 | Updated Date 04/6/2025 |
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 offers targeted exposure to the Norwegian equity market, focusing on large, mid, and small-cap companies.
Reputation and Reliability
Global X is a well-established ETF provider with a reputation for offering innovative and thematic ETFs. They are known for their reliable ETF management.
Management Expertise
Global X has a team of experienced professionals who specialize in developing and managing ETFs across various asset classes and geographies.
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 aims to replicate the MSCI Norway IMI 25/50 Index, which represents the broad Norwegian equity market.
Composition The ETF primarily holds stocks of Norwegian companies across different sectors, including energy, financials, and consumer staples.
Market Position
Market Share: NORW's market share within the Norway-focused ETF segment is significant but can vary depending on the specific benchmark considered.
Total Net Assets (AUM): 258000000
Competitors
Key Competitors
Competitive Landscape
The competitive landscape is limited as NORW is one of the few ETFs specifically targeting the Norwegian equity market. Its advantages include its well-known issuer and established track record. A potential disadvantage might be the lack of alternative Norway-focused ETFs for investors seeking different investment strategies.
Financial Performance
Historical Performance: Historical performance data is available from various financial data providers (e.g., Morningstar, Bloomberg) and should be analyzed directly. Performance will vary based on market conditions.
Benchmark Comparison: The ETF's performance should be compared to the MSCI Norway IMI 25/50 Index to assess tracking effectiveness. Data is needed for a specific comparison.
Expense Ratio: 0.5
Liquidity
Average Trading Volume
NORW's average trading volume is moderate, which can affect the ease of buying and selling shares.
Bid-Ask Spread
The bid-ask spread for NORW is typically small, reflecting its relatively low trading volume.
Market Dynamics
Market Environment Factors
Economic indicators in Norway, global oil prices (given Norway's energy sector), and overall market sentiment influence NORW's performance.
Growth Trajectory
NORW's growth trajectory depends on the performance of the Norwegian economy and equity market. Changes to the underlying index composition can also impact its holdings.
Moat and Competitive Advantages
Competitive Edge
NORW offers targeted exposure to the Norwegian equity market, providing investors with a convenient way to access a specific geographic region. Its competitive advantage lies in being one of the few ETFs solely focused on Norwegian equities. The ETF's diversification across various sectors within Norway is a benefit, mirroring the composition of the MSCI Norway IMI 25/50 Index. The reputable Global X as an issuer further adds to its attractiveness.
Risk Analysis
Volatility
NORW's volatility is correlated with the volatility of the Norwegian equity market and global market conditions. Emerging market conditions can also affect performance.
Market Risk
Specific risks include currency risk (NOK/USD), political risk in Norway, and sector-specific risks related to the concentration in industries like energy and financials.
Investor Profile
Ideal Investor Profile
The ideal investor is someone seeking targeted exposure to the Norwegian equity market for diversification purposes. This includes investors who wish to invest in economies other than the US.
Market Risk
NORW is suitable for long-term investors seeking geographic diversification or exposure to specific sectors within the Norwegian economy. It can also be useful for tactical asset allocation strategies.
Summary
The Global X MSCI Norway ETF (NORW) provides focused exposure to the Norwegian equity market, tracking the MSCI Norway IMI 25/50 Index. It is managed by Global X, a reputable ETF provider. Its performance is influenced by the Norwegian economy, global oil prices, and currency fluctuations. NORW is suitable for investors seeking geographic diversification and exposure to Norway's key sectors, such as energy and financials. Due to its concentration in a single country, investors should consider it as a component of a broader, diversified portfolio.
Similar Companies
Sources and Disclaimers
Data Sources:
- Global X ETFs website
- MSCI Index Fact Sheet
- Morningstar
- Bloomberg
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results. Market data is dynamic and subject to change.
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.
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