NORW News and Press, Global X MSCI Norway From 08/09/22

July was the highest revenue generating month of 2022. The US hard to borrow equity market pushes revenues higher. Fixed income continues to see strong demand. Corporate bonds are in for an impressive 2022. Global securities finance revenues totalled $1.215 bln, ...

NORW is a top-heavy passively managed exchange-traded fund tracking the MSCI Norway IMI 25/50 Index. In the current iteration, NORW is long 68 stocks, with the top ten accounting for more than 63%. Energy (~32%) and financials (18.7%) are the top two sectors. The vertiginous oil p...

NORW is a relatively one dimensional ETF that allows investors to make quite a narrow bet while diversifying totally idiosyncratic risk. The FX risks are limited for US investors due to oil being traded in dollars and the skew towards oil companies. Other major exposures are lever...

In 2022, Europe once again finds itself in the throes of an energy crisis, as it reassesses its reliance on Russia for oil and gas. As Norway’s Energy ecosystem took shape, the stream of revenue from oil and gas led to the creation of a massive fund that now enjoys global fame....

Many nations in Europe blundered when electing to depend solely upon Russia for essential energy. Are they forever to pay for this costly error to survive or are there alternatives? There are more than one. But Norwegian energy is right in their own backyard, meaning faster an...

Over the past decade, Norway has remained an attractive destination for E&P investment, despite maintaining a relatively high government take of oil and gas revenue during the oil market downturns in 2014-16 and 2020. Consensus among Norway's mainstream political parties regarding...

The Russian invasion of Ukraine and the subsequent imposition of sanctions by a range of governments have served to reset the global geopolitical compass, with an immediate impact on oil and gas markets and investments. Elevated prices and new sources of demand will create opportuniti...

Risk-off sentiment prevailed in Q1 2022 as geopolitical tensions flared and the Omicron variant became a stumbling block for many countries. The U.S.-based S&P 500 decreased by 4.6% in Q1 2022, outperforming both the MSCI Emerging Markets Index and MSCI All Country World Index. ...

An unprovoked military invasion and tragic humanitarian crisis continues to unfold in Ukraine. We may have surpassed a major secular inflection point in the global economy and financial markets. Risk asset prices have already been deteriorating for some time, and conditions may ge...

Norway is expected to deliver healthy growth in 2022 but this should fade away by 2023. Overleveraged Norwegian households will now have to face an aggressive pivot in policy rates. The Krone should continue to benefit, although previously elevated export momentum could slow and w...