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One Year Later: NORW Still Finding Its Footing

By: ETFdb
Late last year, Global X brought to market the FTSE Norway 30 ETF (NORW), the first-ever product to feature targeted exposure to Norway. While the FTSE Nordic 30 ETF (GXF) has been around since late 2009, it only features a 21% exposure to the Norwegian economy, leaving a major exposure gap that was waiting to be filled. NORW reached its one year anniversary earlier this month, putting it on the map for many investors and advisors who have age restrictions on their underlying investments. But the first year for NORW has been rather tumultuous, as the lone standing fund for Norwegian exposure fell prey to this year’s euro fears [see also Euro Free Europe Portfolio Now Available]. Under The Hood The ETF tracks the FTSE Norway 30 Index, which is simply designed to reflect broad based equity market performance of some of the largest Norwegian companies. From a diversity standpoint, NORW is top-heavy, with [...] Click here to read the original article on ETFdb.com. Related Posts: Three Long/Short Ideas For Euro Zone Debt Drama Greece ETF On The Way? Global X Details Slew Of International ETFs November ETF Roundup: Launches, Filings, and Closures Global X Launches Norway ETF (NORW) Checking In On Two “Anti-Euro” ETF Plays
Late last year, Global X brought to market the FTSE Norway 30 ETF (NORW), the first-ever product to feature targeted exposure to Norway. While the FTSE Nordic 30 ETF (GXF) has been around since late 2009, it only features a 21% exposure to the Norwegian economy, leaving a major exposure gap that was waiting to be filled. NORW reached its one year anniversary earlier this month, putting it on the map for many investors and advisors who have age restrictions on their underlying investments. But the first year for NORW has been rather tumultuous, as the lone standing fund for Norwegian exposure fell prey to this year’s euro fears [see also Euro Free Europe Portfolio Now Available]. Under The Hood The ETF tracks the FTSE Norway 30 Index, which is simply designed to reflect broad based equity market performance of some of the largest Norwegian companies. From a diversity standpoint, NORW is top-heavy, with [...]

Click here to read the original article on ETFdb.com.

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