FTSE Group (FTSE) has licensed Global X Funds to create a new exchange traded fund (ETF) based on the FTSE Norway 30 Index. The ETF will be the first in the US to exclusively track the performance of Norwegian equities. Other FTSE indexes currently used by Global X as the basis for ETFs include the FTSE Colombia 20 and FTSE Nordic 30 Indexes…..
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The FTSE Norway 30 Index represents the performance of the 30 largest and most liquid Norwegian-listed securities. Companies within the index are classified using the Industry Classification Benchmark (ICB), a global standard developed in partnership between FTSE and Dow Jones. As classified by ICB Supersector, Oil & Gas producers account for the largest portion of the index at 41.49%, with Banks and Telecommunications making up the second and third largest Supersectors at 14.20% and 11.37% respectively. The largest five companies in the index are:
|
Rank |
Constituent Name |
ICB Sector |
Index Mkt Cap (USDm) |
Index Weight (%) |
|
1 |
Statoil ASA |
Oil & Gas Producers |
21,780 |
18.60 |
|
2 |
DnB NOR |
Banks |
16,633 |
14.20 |
|
3 |
Telenor A/S |
Mobile Telecommunications |
13,314 |
11.37 |
|
4 |
Yara International |
Chemicals |
6,680 |
5.70 |
|
5 |
SeaDrill Ltd |
Oil Equipment, Services & Distribution |
6,455 |
5.51 |
|
|
|
Totals |
64,862 |
55.38 |
SOURCE: FTSE Group, data as at 29 October 2010.
The index has outperformed broader equity benchmarks, including the FTSE Developed and FTSE Developed Europe indexes, over the 3-month, Year-to-Date and 12-month periods.
|
|
PERFORMANCE |
|||
|
|
3M (%) |
6M (%) |
YTD (%) |
12M (%) |
|
FTSE Norway 30 Index |
15.7 |
5.5 |
9.4 |
21.8 |
|
FTSE Developed Europe Index |
9.3 |
3.3 |
6.9 |
13.4 |
|
FTSE Developed Index |
11.6 |
8.8 |
4.1 |
8.8 |
SOURCE: FTSE Group, data as at 29 October 2010.
Source: ETFWorld – FTSE Group
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