Pella Fund's Glass on Global Markets, Strategy

The video discusses Moderna's vaccine pipeline, highlighting the potential benefits and risks of their combination respiratory vaccine. It emphasizes the importance of balancing high-risk stocks like Moderna with diversified portfolios. The discussion shifts to inflation, exploring various theories and their impact on market strategies. Finally, the video highlights investment opportunities in Scandinavian markets, noting their strong balance sheets, innovation, and ESG credentials.

What is the main advantage of Moderna's combination respiratory vaccine?

• It has no side effects.

• It eliminates the need for any injections.

• It combines flu, COVID, and RSV vaccines into one.

• It is cheaper to produce than other vaccines.

Why should high-risk stocks like Moderna be a smaller part of a portfolio?

• They have guaranteed returns.

• They are not affected by market changes.

• They are less volatile.

• They carry more risk and have binary outcomes.

What is a key factor complicating the measurement of CPI?

• The exclusion of energy prices.

• The use of owners equivalent rent.

• The reliance on outdated data.

• The inclusion of food prices.

Which type of stocks benefit from increased interest rate volatility?

• Tech startups

• Real estate firms

• Derivative exchanges

• Retail companies

What makes Scandinavian markets attractive for investment?

• Lack of ESG standards

• High debt-to-GDP ratios

• Limited market opportunities

• Strong balance sheets and innovative companies

Which company is a leader in diabetes medication in Scandinavia?

• Novo Nordisk

• Epiroc

• Austedo

• Atlas Copco

What is a benefit of investing in Scandinavian countries?

• Weak economic fundamentals

• Strong ESG credentials

• Limited innovation

• High inflation rates