September 2013 Country Rankings

As of September, the United States and Japan continue to drive global equity market performance, and are the two best performing countries for 2013. The model has favored developed markets, but has few emerging markets at the cusp of our top 5. Latin America has remained as the worst ranked region.

Notable Moves to the Upside

  • China … moved up 11 spots from 13th to 2nd overall.  They showed significant improvements in both their risk and momentum rankings.  China has the second best valuation profile in the model and is trading at a 9.7 P/E.
  • Australia moved up 10 spots from 21st to 11th overall.  They showed a considerable improvement in their momentum, as they are the best performing country over the last three months, up 4.1%.

Notable Moves to the Downside

  • Malaysia dropped 15 spots from 7th to 22nd overall.  The majority of their move came from increasing risk.  They have shown a significant change in their CDS over the last 3 months.
  • Turkey fell 9 spots from 16th to 25th overall.  Their momentum has continued to deteriorate as they have shown the worst price momentum over the last three months, down -22.5%.

For more on countries, strategies, and movement in the model, see our full Portfolio Notes:

PDF imageCountry Portfolio Notes September 2013

Highest Ranked September Countries

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