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Portfolio Notes - March 2022

The Country Ranking Model

Source: MSCI
Data as of 2.28.2022

March Country Rankings

Austria (#1): Remaining at the top of our  rankings is Austria with excellent Fundamentals and Valuations (ranked 4th and 2nd respectively). Feburary was a tough month from a Momentum and Risk perspective, with short term price momentum and semi-standard deviation taking a hit. Nevertheless, Austria continues to screen very well overall.

Norway (#2): Moving into 2nd place this month is Norway. The oil exporter has benefitted from high commodity prices and screens well across the board, ranking 11th in Fundamentals, 12th in Momentum, 2nd in Risk and 9th in Valuations.

Taiwan (#3): Taiwan  has benefitted from solid export demand as supply chains recover and it’s fundamentals rank 2nd overall. Price momentum is strong as well, ranked 3rd.

Country Performance

Source: MSCI
Data as of 2.28.2022

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.