This month, the United States and Japan continue to drive Global Equity market performance and are the best performing countries on the year. Meanwhile, this month is tough on Turkey as it has the largest move on the month from 2nd to 21st overall.
Notable Moves on the Upside
- Malaysia … moved up 14 spots from 18th to 4thoverall. Their biggest improvements came in their fundamental and momentum rankings. Malaysia has one of the best risk profiles and a current 18 month beta of 0.04.
- Netherlands … moved up 7 spots from 13th to 6thoverall. They showed improvement across the board. They have shown consistent momentum over the last 12 months.
Notable Moves on the Downside
- Turkey … plummeted 19 spots from 2nd to 21stoverall. They had huge drops in their momentum and risk. They now have the worst 3 month price momentum and the highest political risk in the model.
- Italy … fell 5 spots from 21stto 26th overall. The majority of this move came from decelerating momentum and deteriorating fundamentals. Italy has the worst Earnings Per Share (EPS) trend in the model.
For more on countries, strategies, and movement in the model, see our full Portfolio Notes: