In August, countries with the strongest fundamentals continued to outperform while buying countries with cheap valuations has been a drag on country selection. South Korea and Brazil are our two fastest rising countries, while Italy and Peru are falling.
What should a momentum investor be looking at now? We review our universe of countries using the best and worst momentum scores over the past 90 days and find Egypt, India, and Turkey to lead these rankings.
Focusing purely on country selection within global equity allocation has brought investors long-term results since 1991. We explain why we believe country selection opportunities will only continue to increase and become easier.