NORW News and Press, Global X MSCI Norway From 02/02/22

Norway is expected to deliver healthy growth in 2022 but this should fade away by 2023. Overleveraged Norwegian households will now have to face an aggressive pivot in policy rates. The Krone should continue to benefit, although previously elevated export momentum could slow and w...

This week, central banks are responding to political pressure around price inflation with accelerated monetary tightening plans. The Bank of Canada ended its bond-buying program in October. The era of central bank worship is moving toward its predictable end. For further det...

The past week has been dominated by Omicron news as we all try to piece together the limited information we have and determine what it all means for the coming months. The RBA and BoC both hold meetings next week and will likely be armed with little more information than OPEC+ had on ...

NORW is a small-size fund offering a relatively concentrated portfolio of Norwegian companies operating predominantly in the financial, consumer staples, and energy sectors. Brent price and hawkish moves from Norges Bank are to watch closely. I concur with the EIA's oil price fore...

International equities delivered mixed results in Q3 as the Delta variant strained the global recovery. The US-based S&P 500 outperformed the MSCI ACWI, with gains of 0.58% for the S&P against a -1.05% decline for the ACWI. Emerging markets lagged further, with the MSCI Em...

Investors have shifted focus from the immediate COVID-19 threat to the prospect of a cyclical slowdown and secular stagflation. Investors may also need to process a longer-term adjustment, because of the lasting impact of COVID-19’s shocks to both supply and demand. Markets...

The majority of EM central banks are steadily hiking policy rates and developed markets are not far behind. We see near-term risks but maintain a medium and longer-term bullish outlook for emerging markets. Clearly the tides have already turned in EM, so the next space to watch is...

The focus in the US shifts from the labor market to pricing pressures. EU economic and financial affairs ministers are meeting in Slovenia. The meeting concludes on Saturday, September 11. The UK releases August unemployment claims and the unemployment rate on Tuesday. For f...

International equities generally performed well in Q2 after mixed results in Q1. The Global X FTSE Nordic Region ETF (GXF) was the top performer in Q2, with returns of 9.01%. The worst performer of Q2 2021 was the Global X MSCI Colombia ETF (GXG) which recorded a -2.15% decline. ...

We think inflation is likely to fall back, but we are more sensitive to upside risk than at the start of the year. Evidence of longer-term investment in more and more sectors continues to build. Flexibility and a tactical approach across the full range of credit markets has been a...