Country Ranking Model - September 2022
September Country Rankings
Norway (#1): Norway is ranked first overall in our universe of 33 countries. The country ranks highly across the board, with 10th ranked fundamentals, 6th ranked momentum, 2nd ranked risk and 9th ranked valuations. Norway enjoys a healthy credit default swap environment and low political risk.
Chile (#2): Chile ranks highly in momentum (2nd) as demonstrated by its 25.7% return YTD. Chile also demonstrates attractive value (ranked 4th). For example, its P/E is at a significant discount relative to its history
Taiwan (#3): Taiwan has moved up 4 spots this month into the top 3. Improvements in risk, particularly semi-standard deviation, have helped the country move up in the rankings. Taiwan also enjoys robust fundamentals, with ROE among the highest in our universe.
Country Performance
Data as of 8.31.2022
Source: MSCI
Country Ranking Model
As of 8.31.2022
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The reader should not assume that any investments in sectors and markets identified or described were or will be profitable. Investing entails risks, including possible loss of principal. The use of tools cannot guarantee performance. The charts depicted within this presentation are for illustrative purposes only and are not indicative of future performance. Past performance is no guarantee of future results. Actual results may vary based on an investor’s investment objectives and portfolio holdings. Investors may need to seek guidance from their legal and/or tax advisor before investing. The information provided may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons.