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

Country Ranking Model

Disclosures: This information was produced by and the opinions expressed are those of Accuvest as of the date of writing and are subject to change. Any research is based on Accuvest proprietary research and analysis of global markets and investing. The information and/or analysis presented have been compiled or arrived at from sources believed to be reliable, however Accuvest does not make any representation as their accuracy or completeness and does not accept liability for any loss arising from the use hereof.  Some internally generated information may be considered theoretical in nature and is subject to inherent limitations associated therein.   Any sectors or allocations referenced may or may not be represented in portfolios of clients of Accuvest, and do not represent all of the securities purchased, sold or recommended for client accounts.

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.