Keppler February 2023 Country Selection Strategies

by | Feb 12, 2023 | Archives

Here’s the links for the Keppler Asset Management February 2023 Country Selection Strategies for the Developed and Emerging Markets

Developed Markets

Emerging Markets

There has been no changes in  the top value markets.  The Top Value Developed Markets remain:  Austria, Germany, Hong Kong, Italy, Japan, Norway, Spain and the United Kingdom.

The Top Value Emerging Markets remain: Brazil, Chile, China, Korea, Malaysia, Mexico, Poland and Taiwan.

The slow moving pace of this Pi strategy has the great advantage of leaving the portfolio alone.

We cannot know nor outsmart global stock markets and in the last two years there could have been temptation to sell equities.  Had we done so we would have missed the excellent recovery markets have made this year.

Eric Roseman wrote in the February 2023 ENR Market Outlook:  Global equities have rallied sharply in early 2023 on a combination of factors, including lower inflation, stronger than expected economic growth, China’s economic reopening, and an expansion in stocks’ price-to- earnings multiples. The S&P 500 Index posted its best January since 2019. As we progress into February, the S&P 500 Index is up 7.7%, the MSCI World Index has rallied 8.4%, and the MSCI Emerging Markets Index is up 8.6%. Read the entire Outlook here.

History suggests that the most likely way to make the most profit (over time) is to invest in good value and hold the position long term.  The Pi approach does just that.