Country Ranking Model - October 2022
October Country Rankings
Norway (#1): Norway remains first overall in our universe of 33 countries. The country ranks highly across the board, with 10th ranked fundamentals, 9th ranked momentum, 7th ranked risk and 8th ranked valuations. In the wake of the Russia/Ukraine crisis, Norway has now become the European Union’s leading natural gas supplier.
Chile (#2): Strong momentum and attractive valuations have helped Chile maintain its second place position in our rankings. Chile is one of only three countries in our universe with a positive return YTD.
Brazil (#3): Moving into third place this month is Brazil. Despite tightening financial conditions and recession fears around the world, Brazil’s economy remains strong, with 2.5% real GDP growth forecast for calendar year 2022. Latin American countries have been well represented in our rankings this year.
Country Performance
Data as of 9.30..2022
Source: MSCI
Country Ranking Model
As of 9.30.2022
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