The GX FTSE Nordic Region ETF (NORW) is an exchange-traded fund that seeks to track the performance of the FTSE Nordic 30 Index. The ETF invests in a diversified portfolio of companies located in Denmark, Finland, Norway, and Sweden, which are part of the Nordic region. The ETF is managed by Global X Management Company LLC.
The FTSE Nordic 30 Index is designed to reflect the performance of the 30 largest and most liquid companies in the Nordic region, based on market capitalization and trading volume. The index is weighted by free-float market capitalization, which means that larger companies have a greater impact on the index's performance.
As of September 2021, the NORW ETF had total assets of over $1.6 billion and included companies from various sectors, including financials, industrials, consumer goods, and healthcare. The ETF had an expense ratio of 0.50%, meaning that investors pay $50 in fees per year for every $10,000 invested.
Investing in the NORW ETF provides investors with exposure to the Nordic region, which is known for its stable political and economic environment, strong social welfare systems, and high standards of living. The region is home to many global companies and is a leader in industries such as renewable energy, telecommunications, and healthcare.
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