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NORW ETF · Global X MSCI Norway ETF
The NORW Exchange Traded Fund (ETF) is provided by Global X. It is built to track an index: MSCI Norway IMI 25/50 Index. The NORW ETF provides physical exposure, so by buying it you actually own parts of all the 53 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
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This fund is part ofEurope Blended Cap1M perf.-0.38%
Last price
$38.08
1M perf.
+7.83%
1M flows
+€60M
AuM
€158M
E/R
0.5%
Rating
ESG Consensus®
NORW
$38.08
Performance & flows
Segment for quartile rank
January 7, 2026 → April 7, 2026
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NORW
$38.19
+27.52%
Europe Blended Cap
-1.73%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +7.83%  | +27.52% | +66.65% | +82.73% | +62.50%  | +1.27% | +1.27% | +27.16% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
4/7/2026
$38.19
1D NAV change
+1.71%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
53
Inception date
8/17/2009
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Investment strategy
The Global X MSCI Norway ETF (NORW) invests in among the largest and most liquid Norwegian securities.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +27.52% | +66.65% | +82.73% | +62.50% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
Norway
89.86%
Luxembourg
2.82%
Bermuda
2.01%
Unavailable
4.63%
Other
0.68%
Sectors
Financials
24.77%
Energy
21.09%
Consumer Staples
13.38%
Materials
10.15%
Industrials
6.47%
Communication Services
6.44%
Information Technology
3.30%
Unavailable
12.75%
Other
1.64%
Diversification
Total weight of top 15 holdings out of 53
Top 15 holdings
Data as of February 28, 2026
DNB BANK
EQUINOR
NO0013536151
NORSK HYDRO
MOWI ASA
TELENOR
ORKLA
AKER BP ASA
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YARA INTL
UNI STOREBRAND
SUBSEA
GJENSIDIGE
SPAREBANK1 SRANK
SCHIBSTED
SALMAR
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More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
Replication quality
Calculated over 12m, as of March 31, 2026
Tracking error
Tracking difference
Replication information
Index
MSCI Norway IMI 25/50 Net Total Return Index - USD
Index ticker
M1NO5IM Index
Index dividend policy
NTR
Replication method
Replication model
More replication analysis are available, exclusively in Trackinsight Enterprise
Issuer
Global X
Global X ID Card
Number of funds
486
Total AuM
€131.19B
Expense ratio range
0.02% - 2.06%
Average expense ratio
0.5798%
Top 5 funds by Global X
| AuM | ||
|---|---|---|
PAVE | Global X U.S. Infrastructure Development ETF | €10.17B |
SHLD | Global X Defense Tech ETF | €7.38B |
QYLD | Global X Nasdaq 100 Covered Call ETF | €7.02B |
AIQ | Global X Artificial Intelligence & Technology ETF | €6.44B |
COPX | Global X Copper Miners ETF | €5.93B |
Frequently asked questions about NORW
What does Global X MSCI Norway ETF, NORW, invest in?
NORW is a Passive ETF. This ETF provides exposure to Norwegian Equities.
Which benchmark or index does NORW replicate?
NORW tracks the MSCI Norway IMI 25/50 Net Total Return Index - USD, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of NORW?
NORW carries a total expense ratio (TER) of 0.5%, indicating the annual cost for holding the fund.
When was NORW launched?
NORW was introduced to the market on August 17, 2009. It trades on United States
Who is the ETF issuer of NORW?
Global X MSCI Norway ETF, NORW, is provided by Global X. Learn more about Global X here.
What is the current assets under management (AUM) of NORW?
NORW oversees €158M in assets as of April 7, 2026.
How has NORW performed lately?
Based on data from April 7, 2026, NORW returned 7.83% over the past month, 27.52% over the last three months and 27.16% year-to-date.
What are the latest inflows or outflows for NORW?
As of April 7, 2026, NORW recorded net flows of +€60M over the last month and +€89M year-to-date.
Does NORW distribute dividends?
NORW follows a distributing dividend policy, meaning it pays out income to investors. As of April 7, 2026, its 12-month trailing yield was 2.71%.
What are the main country or region exposures of NORW?
As of February 28, 2026, NORW has significant geographic allocations in Norway, Luxembourg and Bermuda.
In which sector or theme does NORW invest in?
As of February 28, 2026, NORW focuses largely on Financials, Energy and Consumer Staples.
How many securities does NORW hold and how diversified is it?
As of February 28, 2026, NORW holds 53 positions in its portfolio, with 73.57% of assets concentrated in its top 15 holdings.
What are the main positions in NORW?
As of February 28, 2026, NORW top three holdings include DNB BANK, EQUINOR and NO0013536151.
What is the base currency of NORW?
The base currency of NORW is USD.
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