---
title: "June Country Rankings"
url: https://accuvestblog.com/2017/06/08/june-country-rankings-2/
description: "Global equities continued to climb higher in May, with the MSCI ACWI up 2.21%. The average country was up 3.15%, and the range of returns for May, between countries, was."
published: 2017-06-08
updated: 2017-06-08
---

# June Country Rankings

Published 2017-06-08

June 8, 2017 · by [Dustin Blodgett](https://accuvestblog.com/author/agadustinblodgett/) · Filed under [Portfolio Notes](https://accuvestblog.com/category/portfolio-notes/)

Issue attachment (not archived)Country Portfolio Notes June 2017country-portfolio-notes-june-2017.pdf

- Global equities continued to climb higher in May, with the MSCI ACWI up 2.21%. The average country was up 3.15%, and the range of returns for May, between countries, was 14.42%%.
- The United States continues to fall in our country rankings. Now ranked 15th overall, the U.S. suffers from expensive Valuations, increased Risk, and deteriorating Momentum. The U.S. has a 3.1x P/B ratio (vs a country avg. of 1.9x) and a 18x 12mo Forward P/E ratio (vs a country avg. of 14x). Over the last 3 months, the U.S. is the sixth worst performing country, up 2% vs a country avg. of 8%.
- China and Korea remain our #1 and #2 ranked countries. Both exhibit cheap Valuations and better than average Fundamentals. China has the best Earnings Growth (19% vs country avg. of 11%), followed closely by Korea (17.5%). Korea has the best Growth/PE ratio (1.4x vs a country avg. of 0.6x) followed closely by China (1.2x). We expect these countries to continue to stay at the top of our rankings.