Global Clients, Global Portfolios
Research commentary published April 2013 – September 2017
41 entries · January 2, 2015 to December 8, 2015
December 8, 2015 · by David A · Filed under Portfolio Notes
November Highlights In a strong reversal from October, global equities pulled back and the MSCI ACWI was slightly negative for the month of November returning -0.83%. For the year, the range of country returns is 58% with the average country…
December 4, 2015 · by James C · Filed under Charts to Watch
Please use the link below to access this week’s update on global financial conditions, fixed income markets, world equities, economic data, major currencies, and commodities. Feel free to contact us with any questions or requests. Best regards, James Disclosure: The…
November 20, 2015 · by James C · Filed under Charts to Watch
Please use the link below to access this week’s update on global financial conditions, fixed income markets, world equities, economic data, major currencies, and commodities. Feel free to contact us with any questions or requests. Best regards, James Disclosure: The…
November 9, 2015 · by David A · Filed under Portfolio Notes
October Comments • In a snapback from September, the MSCI ACWI was up 7.90% in October with all but four countries had positive performance. However, only three countries are in positive territory since the end of July (Belgium, Korea, and…
October 23, 2015 · by James C · Filed under Charts to Watch
Please use the link below to access this week’s update on global financial conditions, fixed income markets, world equities, economic data, major currencies, and commodities. Feel free to contact us with any questions or requests. Best regards, James Disclosure: The…
October 7, 2015 · by David A · Filed under Portfolio Notes
September Comments The allocations to Euro hedged Germany (DBGR) and Yen hedged Japan (DBJP) have provided the biggest positive impact on returns. India is the only emerging country in our model which has outperformed the ACWI YTD. Only 3 of…
September 18, 2015 · by James C · Filed under Charts to Watch
Please use the link below to access this week’s update on global financial conditions, fixed income markets, world equities, economic data, major currencies, and commodities. Feel free to contact us with any questions or requests. Best regards, James Disclosure: The…
September 11, 2015 · by James C · Filed under Charts to Watch
Please use the link below to access this week’s update on global financial conditions, fixed income markets, world equities, economic data, major currencies, and commodities. Feel free to contact us with any questions or requests. Best regards, James Disclosure: The…
September 10, 2015 · by David A · Filed under Portfolio Notes
August Comments All 46 countries in the MSCI ACWI had negative performance during August. The index was down ‐6.86% with the average country down -8.38%. Emerging markets have been punished on the year, down ‐17.55% in USD. September Rankings The…
August 26, 2015 · by James C · Filed under Investing Ideas
Why Europe? Why Now? Earnings and Margins Recovery MSCI EMU earnings and profit margins are significantly below previous peak levels, offering recovery potential. Earnings and Margins should improve with business confidence. The IFO institute’s business climate index for Germany climbed…
August 21, 2015 · by James C · Filed under Charts to Watch
Please use the link below to access this week’s update on global financial conditions, fixed income markets, world equities, economic data, major currencies, and commodities. Feel free to contact us with any questions or requests. Best regards, James Disclosure: The…
August 13, 2015 · by David A · Filed under Portfolio Notes
July Comments The MSCI ACWI was up 0.87% in July. China is still in positive territory on the year, up 2.31%. Our 3 countries with hedged exposure all outperformed. Japan (1.73% vs. 0.47%), Germany (3.56% vs. 2.69%), and Korea (‐3.53%…
July 31, 2015 · by James C · Filed under Charts to Watch
Please use the link below to access this week’s update on global financial conditions, fixed income markets, world equities, economic data, major currencies, and commodities. Feel free to contact us with any questions or requests. Best regards, James Disclosure: The…
July 24, 2015 · by James C · Filed under Charts to Watch
Please use the link below to access this week’s update on global financial conditions, fixed income markets, world equities, economic data, major currencies, and commodities. Feel free to contact us with any questions or requests. Best regards, James Disclosure: The…
July 17, 2015 · by James C · Filed under Charts to Watch
Please use the link below to access this week’s update on global financial conditions, fixed income markets, world equities, economic data, major currencies, and commodities. Feel free to contact us with any questions or requests. Best regards, James disclosure: The…
July 14, 2015 · by David A · Filed under Portfolio Notes
June Comments The MSCI ACWI was down ‐2.35% in June, but still closed the quarter up 0.35%. On the year, China is still the best performing country in our model, up 14.65%. The United States completed the second straight quarter…
June 26, 2015 · by James C · Filed under Charts to Watch
Please use the link below to access this week’s update on global financial conditions, fixed income markets, world equities, economic data, major currencies, and commodities. Feel free to contact us with any questions or requests. Best regards, James disclosure: The…
June 26, 2015 · by James C · Filed under Investing Ideas
The recent inflection point in Chinese equities provides us with an opportunity to re-evaluate the investment thesis on China. Entering June, China was the #1 overall ranked country in the Accuvest Global Core Equity universe. China has been ranked #1…
June 15, 2015 · by David A · Filed under Portfolio Notes
May Comments The MSCI ACWI was down -0.13% in May and is now up 5.14% on the year. On the year international markets are still outperforming the US by 3.61% Hedging currency exposures was key in May, as it added…
May 22, 2015 · by James C · Filed under Uncategorized
Please use the link below to access this week’s update on global financial conditions, fixed income markets, world equities, economic data, major currencies, and commodities. Feel free to contact us with any questions or requests. Best regards, James disclosure: The…
May 12, 2015 · by David A · Filed under Portfolio Notes
April Comments The MSCI ACWI was up 2.90% in April and is now up 5.28% on the year. Latin America was the best performing region, up 10.28% for the month. The biggest currency effect has been in Brazil where the…
May 8, 2015 · by James C · Filed under Uncategorized
Please use the link below to access this week’s chart book, including updates on global financial conditions, fixed income markets, world equities, economic data, major currencies, and commodities. Best regards, James disclosure: The opinions expressed in this Weekly Chart Book…
April 24, 2015 · by Accuvest Team · Filed under Highlights
Congratulations to Accuvest President Dave Garff on winning the 2015 Edward D. Baker III Journal Research Award for his recent whitepaper: “Multi-Style Global Equity Investing: A Statistical Study on Combining Fundamentals, Momentum, Risk, and Valuation for Improved Performance“. Dave will…
April 13, 2015 · by David A · Filed under Portfolio Notes
March Comments The MSCI ACWI was down -1.55% in March and only 25% of the countries in the model had positive returns. The range of returns between countries stayed fairly wide at 21.57%. Dollar strength is continuing to impact investment…
April 10, 2015 · by James C · Filed under Charts to Watch
Please use the link below to access this week’s update on global financial conditions, fixed income markets, world equities, economic data, major currencies, and commodities. Feel free to contact us with any questions or requests. Best regards, James disclosure: The…
March 27, 2015 · by James C · Filed under Charts to Watch
Please use the link below to access this week’s update on global financial conditions, fixed income markets, world equities, economic data, major currencies, and commodities. Feel free to contact us with any questions or requests. Best Regards, James disclosure: The…
March 23, 2015 · by Accuvest Team · Filed under Videos
In this interview with Cheryl Casone of Fox Business, Accuvest President and CIO Dave Garff discusses top ETF picks for investing overseas using. China: fundamentals are strong; ROE is great; currently the cheapest country in our investment universe Germany: one…
March 20, 2015 · by James C · Filed under Charts to Watch
Please use the link below to access this week’s update on global financial conditions, fixed income markets, world equities, economic data, major currencies, and commodities. Feel free to contact us with any questions or requests. Best Regards, James disclosure: The…
March 11, 2015 · by David A · Filed under Portfolio Notes
February Comments The MSCI ACWI was up 5.57% in February, moving the global markets back into the green for the year. Russia led the way up 22.82% while Turkey was down 9.11% Europe has been the best performing region on…
February 27, 2015 · by James C · Filed under Charts to Watch
Please use the link below to access this week’s chart book, including updates on global financial conditions, fixed income markets, world equities, economic data, major currencies, and commodities. Feel free to contact us with any questions or requests. Best Regards,…
February 18, 2015 · by James C · Filed under Investing Ideas
Leading indicators show tentative signs of stabilization (relative PMIs), and there is still substantial pent up demand (savings ratio of 13% and net investment is 1/3 its normal levels). Bank balance sheets have stopped contracting and money supply is now…
February 18, 2015 · by James C · Filed under Investing Ideas
The explicit policy of the Bank of Japan and Government of Japan is to weaken the Yen, create asset price inflation, and support economic growth. Abenomics had a positive impact during 2014, and more accommodative initiatives are expected in 2015…
February 18, 2015 · by James C · Filed under Investing Ideas
Falling energy sector profits and a rising dollar will be less of an earnings headwind for small-cap stocks given lower energy sector exposure and a greater proportion of sales derived domestically. (Small-caps derive 18–20% of earnings outside the US compared…
February 18, 2015 · by James C · Filed under Investing Ideas
Select industries in the Technology sector are among the fastest growing segments of the market. The US technology sector is attractively valued given its solid long-term earnings growth, improving cyclical outlook, accelerating cash distributions to shareholders, and exposure to secular…
February 13, 2015 · by James C · Filed under Charts to Watch
Please use the link below to access this week’s update on global financial conditions, fixed income markets, world equities, economic data, major currencies, and commodities. Feel free to contact us with any questions or requests. Best Regards, James disclosure: The…
February 13, 2015 · by David A · Filed under Portfolio Notes
January Comments The MSCI ACWI was down -1.56% in January, but just over half of the countries had positive returns for the month. The US was down -2.85%, which significantly brought down the benchmark index. USD strength had a major…
January 30, 2015 · by James C · Filed under Weekly Chart Book
Please use the link below to access this week’s update on global financial conditions, fixed income markets, world equities, economic data, major currencies, and commodities. Feel free to contact us with any questions or requests. Best Regards, James disclosure: The…
January 22, 2015 · by David A · Filed under Monthly Portfolio Notes
This month in the country ranking portfolio notes we take a look back on 2014, where we saw a wide range of country performance. Also, we dive into the January model and provide some commentary on how USD strength has…
January 15, 2015 · by Rachel J · Filed under Highlights, News and Events, Videos
In our newest video, portfolio manager David Allen discusses investing globally, and how advisors can broach this topic with their clients in the most meaningful and effective ways. David covers the global investors experience in the past 5 years, how…
January 9, 2015 · by James C · Filed under Weekly Chart Book
Please use the link below to access this week’s update on global financial conditions, fixed income markets, world equities, economic data, major currencies, and commodities. Feel free to contact us with any questions or requests. Best Regards, James disclosure: The…
January 2, 2015 · by James C · Filed under Weekly Chart Book
Please use the link below to access this week’s update on global financial conditions, fixed income markets, world equities, economic data, major currencies, and commodities. Feel free to contact us with any questions or requests. Best Regards, James disclosure: The…