Global Investing: Cheapest Sectors Around The World

Citi’s World Radar Screen seeks to measure relative value and momentum for a global cross-section of stocks covering both developed and emerging markets. Citi believes that “cheap stocks with good momentum are likely to outperform expensive stocks with poor momentum.” World radar screen – November picks Sector-wise, region-wise selections of stocks that meet the above criteria are shown in the table below: It is interesting that six out of the ten sectors show U.S. companies as the best picks, both regionally (in the U.S.) as well as globally. Relative value-momentum maps The model is able to generate rankings for industry…