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Developed Markets

Dec 07 2017

Sector Rotation: Momentum Versus Valuation Factor

  • Dec 7, 2017

For sector overweight/underweight decisions, applying a Momentum overweight with both EM and DM countries has been most successful.

Sep 08 2017

Momentum-Based Country Rotation: EM Vs. DM

  • Sep 8, 2017

Last month we assessed the effectiveness of using valuation factors as a basis for country allocation. Using 20 years of data, our results showed that they work quite well specifically for Emerging Market (EM) country-rotation, however, the same valuation-based strategy does not appear to be value-added for Developed Market (DM) allocation/rotation.

Aug 05 2017

Valuation-Based Country Rotation: EM Vs. DM

  • Aug 5, 2017

Many studies have evaluated momentum factors for over/underweighting country exposures within a portfolio, but few have considered valuation factors for country rotation within the Emerging Market space.

Feb 07 2014

Can The EM Problem Spread To DM? Yes, If It Gets Bad Enough

  • Feb 7, 2014

The current EM weakness is not yet a full-blown crisis but, if it does become one, it will drag down developed economies too.

Apr 05 2013

"Muddle Through"

  • Apr 5, 2013

The global economy is stuck in a “muddle through” mode with developed and emerging countries showing divergence in terms of leading indicators. Despite this divergence, they share one thing in common: an upturn in inflation. How much more room there is for easing is a key determinant of asset market performance.

 

Jun 06 2012

Where To Invest? A Graphical View of Global Equity Markets

  • Jun 6, 2012

Taking into account the variety of total return contributors, we conclude that no one regional equity market stands out as a slam dunk investment idea.

May 04 2010

The Sector Effect Vs. The Regional Effect

  • May 4, 2010

Focus of global investing has shifted from sector and is now centered on the regional effect.

Aug 05 2009

Country Alpha From Global Group Scores? You Better Believe It!

  • Aug 5, 2009

When clients ask about our country views, we suggest they take a look at our global group work because our Global Group Scores are capable of capturing country alpha!