Bringing you live news and features since 2006 

Global X Funds launches Norway ETF

RELATED TOPICS​

Global X Funds, the New York-based provider of exchange-traded funds, has launched the Global X FTSE Norway 30 ETF. 



This is the first ETF offering access specifically to Norway.   

Norway is one of the most developed economies in the world, ranking first on the Human Development Index in 2009 and third in GDP-per-capita, according to the World Bank.

It is an exporting powerhouse, in particular for petroleum and metals, which has generated an extremely large trade surplus and resulted in one of the largest sovereign wealth funds in the world.

The Global X FTSE Norway 30 ETF tracks the FTSE Norway 30 Index, which is designed to reflect broad based equity market performance in Norway.

The Norway ETF adds to the existing Global X FTSE Nordic 30 ETF, which is a broader Scandinavian fund that accesses Norway, Denmark, Sweden and Finland.

"Norway still lies outside the European Union and has not adopted the Euro currency, helping to maintain what many believe is the world’s most stable economy," says Bruno del Ama, chief executive of Global X Funds. "Ever since we launched the Nordic ETF, we have heard investors asking for a more targeted way to access this very developed and stable country. This Norway ETF should feed that demand well."

Latest News

ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by