Norway reclaims the top spot from Iceland, while Switzerland remains in second.

Join CIO on September 20 for a conversation with San Bernardino County Employees’ Retirement Association’s CIO Donald Pierce. He’ll discuss the decision to move out of international and emerging markets stocks and more into U.S. equities, how the fund is managing global and domestic fixed income in a time of rising interest rates and inflation, and much more. Register today.

As inflation rises, bank deposits fall by nearly $370 billion in the second quarter—the largest decline in 20 years.