Country Ranking Model - July 2022
Source: MSCI
July Country Rankings
Norway (#1): Norway ranks highly across the board, with 11th ranked fundamentals, 5th ranked momentum, 3nd ranked risk and 10th ranked valuations. As an oil and gas producer, Norway is benefiting from high energy prices. Norway enjoys a healthy credit default swap environment.
Chile (#2): Chile ranks very well in Momentum (3rd) and Valuations (3rd). Chile has a strong earnings yield, high return on equity and a very attractive price to book ratio.
Austria (#3): Austria has bounced back well from the pandemic, with real GDP surpassing its pre-COVID level back in 2021Q4. The country continues to enjoy a strong labor market and like Chile, Austria ranks very well in terms of valuations (4th).
Country Performance
Data as of 6.30.2022
Source: MSCI
Country Ranking Model
Data as of 6.30.2022
Source: MSCI
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