If there is a silver lining, it is that Norwegian equities are now looking favorable on valuation.
“Financial performance of the fund’s top 10 holdings, which account for 67.3% of the fund’s total assets, provides a clear explanation for the current low valuation of the fund: P/E: 11.88, P/B: 1.17, P/S: 1.02,” according to a Seeking Alpha post.
There are 36 emerging and developing economies expected to generate a current account surplus, or more exports than imports, this year, according to Bloomberg News. Norway is expected to be one of those countries. [Explosive Growth for Single-Country ETFs]
Global X MSCI Norway 30 ETF
