Global X MSCI Norway ETF

NORW

Market cap $72.7M

A sustained spike in natural gas prices due to the escalating Middle East conflict could weigh heavily on European growth, analysts warn, as quoted on CNBC.

The S&P 500 is off to a dismal start in 2026, lagging most developed-market indexes as investors pull back from U.S. tech stocks with elevated valuations.

Early 2026 is shaping up as a stock-picker's market, with investors increasingly rewarding countries where inflation is peaking, policy clarity is improving, or growth drivers are strengthening.

ACWX tops SPY early in 2026. Norway, Turkey, South Korea and Japan ETFs hover near 52-week highs on higher oil price, easing inflation and chip rally.

NORW hasn't fared too well since our HOLD rating in February 2022, but we are prepared to turn bullish now. Real GDP growth is set to improve even further this year, while fiscal and monetary policy is expected to be more supportive. NORW's valuations look the most compelling across all the Nordic economies, more so in light of the long-term earnings potential.

Wall Street has been hovering around a record high.