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MSCI Emerging Market

Nov 07 2018

Emerging Markets: Not Persevering, Just “Preserving”

  • Nov 7, 2018

We’ll never know how world events might have evolved had Mitt Romney won the presidential election in 2012. But thanks to the wonderment of Emerging Markets’ underperformance, we can go right back to the last days preceding that fateful election.

Jul 07 2018

Foreign Stocks “De-Coupling”

  • Jul 7, 2018

Market action has been broader and better than we expected given monetary conditions, and Small Cap strength seems to lend credence to contention that rates aren’t yet high enough to bite.

Jun 07 2017

MSCI EM Reclassification: Achiever & Aspirers

  • Jun 7, 2017

EM segments on the “Aspirer” watch list for MSCI annual market reclassification: China A-shares and Argentina. The “Achiever,” Pakistan, just recently started trading as a new member of MSCI EM Index.

Apr 07 2017

Global Valuation Checkup

  • Apr 7, 2017

Foreign equities beat the U.S. in the first quarter, but the performance gap that’s opened up since the 2007 market highs remains astounding. While foreign equity valuations (especially within EM) have rebounded from February 2016 lows, the bounce has done little to close the enormous P/E discounts relative to the U.S. market.

Sep 08 2016

EM: The Case For Waiting...

  • Sep 8, 2016

We’ve mentioned that concerns over potential seasonal weakness in September and October seem pronounced this year, perhaps because the year has so far turned out a pleasant surprise following its horrendous start.

Nov 06 2015

MSCI To Include Foreign-Listed Chinese Stocks For First Time

  • Nov 6, 2015

MSCI will soon announce the results of its semi-annual index rebalance and, for the first time, overseas-listed Chinese companies will be included in the MSCI Emerging Market and China Country Indexes.

Aug 07 2015

Emerging Markets: A Half-Off Sale!

  • Aug 7, 2015

The Chinese government’s repeated stock market intervention attempts over the past several weeks have been remarkable, and obviously antithetical to the country’s move toward a more laissez faire corporate environment.

Jul 08 2015

A Kind Word For “Forward Earnings”

  • Jul 8, 2015

Our criticism of the widespread trust in “forward earnings” has sometimes been harsh, but consider the following: the latest 12-month forward EPS estimate for the EAFE index is $122.71, virtually matching the forward estimate that was made in January 2006.

Nov 07 2014

U.S. Versus Foreign Stocks: More Of The Same

  • Nov 7, 2014

Long before the U.S. dollar began to rebound, the current bull market in global stocks had already favored “provincial” portfolio managers focusing solely on U.S. stocks.

Feb 07 2014

Polar Vortex Hits The Markets Too

  • Feb 7, 2014

The stock market kicked off 2014 with a (so far) shallow bout of weakness which we don’t consider to be the start of a new cyclical bear market or even a deep correction.

Mar 06 2013

Stock Picking Opportunities From Emerging Market ETFs

  • Mar 6, 2013

Changes in a major EM ETF’s benchmark and another big player’s new EM ETF introduction could provide stock pickers opportunities in select Emerging Markets.

May 04 2012

No Place Like Home

  • May 4, 2012

How is the U.S. stacking up relative to foreign markets since 2009 market lows?

May 04 2012

VLT And Foreign Markets

  • May 4, 2012

Exploring VLT (Very Long Term) Momentum readings in foreign markets versus the S&P 500.

 

Apr 04 2012

Effective Momentum Driven Sector Rotation In Emerging Markets

  • Apr 4, 2012

Momentum has proven to be an effective factor in emerging market sector rotation strategies. Even better than in U.S. markets.