---
title: "May 2015 Portfolio Notes"
url: https://accuvestblog.com/2015/05/12/may-2015-portfolio-notes/
description: "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…"
published: 2015-05-12
updated: 2015-05-12
---

# May 2015 Portfolio Notes

Published 2015-05-12

May 12, 2015 · by [David A](https://accuvestblog.com/author/accuvestblog/) · Filed under [Portfolio Notes](https://accuvestblog.com/category/portfolio-notes/)

Issue attachment (not archived)Country Portfolio Notes May 2015country-portfolio-notes-may-2015.pdf

**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 market is up 12.48% YTD in local currency.
- China, our top ranked country, had another strong month, up 16.68% in April.

**May Rankings**

- China remains the top ranked country in the model, and is currently ranked in the top 5 of all four factor groups.
- Germany had a big move down in the ranking after a big drop in their momentum and risk scores.