Core Insights - Early 2026 is characterized as a stock-picker's market, with investors favoring countries experiencing peak inflation, improved policy clarity, or strengthening growth drivers Group 1: Market Performance - The MSCI World Index has increased by 2.4% year-to-date, following a nearly 19% rise in 2025 [1] - The iShares MSCI ACWI ex US ETF is up 5.2% year-to-date, while the SPDR S&P 500 ETF Trust has only gained 1.6% [1] - Emerging markets have shown significant strength, with the iShares MSCI Emerging Markets ETF rising over 6.5% year-to-date [1] Group 2: Country-Specific ETF Performance - iShares MSCI Norway ETF is at $31.20, close to its 52-week high of $32.76 [2] - Global X MSCI Norway ETF is at $32.42, near its 52-week high of $32.59 [2] - iShares MSCI Turkey ETF is at $39.54, just below its 52-week high of $39.95 [2] - iShares MSCI South Korea ETF is at $121.57, close to its 52-week high of $121.85 [2] - iShares MSCI Japan ETF is at $85.53, near its 52-week high of $85.99 [2] Group 3: Market Drivers - The Norwegian stock market benefits from stable monetary policies, with Norges Bank maintaining a policy rate of 4% [3] - Turkey's stock market shows positive momentum as inflation decelerates to 30.89% in December 2025, the lowest since November 2021, boosting market confidence [4] - South Korea's market rally is driven by a strong semiconductor sector, with the KOSPI surpassing 5,000 points due to increased AI chip sales and strong export figures [5] - Japanese stocks are rising due to political and macroeconomic factors, including a snap election and plans for bold fiscal policies [6] - The Bank of Japan has upgraded its growth forecast to 0.9% for the fiscal year ending March 2026, up from 0.7%, and increased its fiscal 2026 growth forecast to 1% [7]

Group 1 - The iShares MSCI Turkey ETF (TUR) provides exposure to a wide range of Turkish companies, making it a significant investment vehicle for those interested in the Turkish market [1] - The investment strategy focuses on acquiring income investments and utilizing the income to purchase undervalued stocks with long-term growth potential, particularly in sectors like sports, real estate, and technology [1]

Economic Overview - The Turkish economy is experiencing a positive trend with a GDP growth of 4.8% on an annual basis for the second quarter of 2025 [1] Investment Insights - The iShares MSCI Turkey ETF is mentioned, indicating interest in Turkish market investments [1] - The focus is on identifying value in both traditional companies and technology sectors, suggesting a diverse investment strategy [1] Research Expertise - The research firm, FinHeim Research, specializes in investment analysis and portfolio management with a global perspective [1] - The firm emphasizes thematic investing research and macroeconomic analysis, aiming to provide objective insights for investors [1]