Country Ranking Model - May 2022
Source: MSCI
May Country Rankings
Norway (#1): Moving into top spot this month is Norway. Norway ranks highly across the board, with 9th ranked Fundamentals, 5th ranked momentum, 4th ranked risk and 11th ranked valuations. In contrast to its nordic neighbors, Norway is weathering the global economic slowdown well, in part due to high oil prices.
Brazil (#2): Moving into second place is Brazil which ranks 1st in both fundamentals and valuations. Keeping the country out of top spot is its risk, in which it ranks last in our universe of 33 countries.
South Africa (#3): Like Brazil, South Africa ranks very highly in fundamentals, momentum and valuations, but exhibits very high risk characteristics. South Africa is another commodity exporter that is benefiting from high commodity prices.
Country Performance
Data as of 4.29.2022
Source: MSCI
Country Ranking Model
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