Global Value Portfolio

Introducing our global value portfolio

Our new global value ETF-only portfolio seeks to profit from the eight most undervalued single-country markets in the world, out of the 40 that are investable and accessible using ETFs.

To read an explanation of both how value was determined and the strategy behind the portfolio, click here.

The portfolio will be rebalanced every year, at which point any market no longer among the cheapest 20% will be replaced.

You can read the latest global value portfolio quarterly update here

Read more Money Observer articles about value investing and ETFs

Portfolio based on best-value single-country markets

Country Fund Ticker  CAPE ratio of index  Current value  Starting value Total return
 this quarter (%)
Total return
 since launch (%)
Gain/loss
 since launch (£)
Greece Global X FTSE Greec 20 ETF GREK -2.4 790.71 £1,004.81 -22.10% -21.90% -£221.81
Russia HSBC Russia Capped ETF HRUB 6.9 906.91 £996.03 -11.50% -9.50% -£94.86
Turkey iShares MSCI Turkey ITKY 7.6 899.93 £996.45 -10.70% -10.20% -£102.18
Poland iShares MSCI Poland SPOL 9 829.08 £1,005.55 -13.40% -18.00% -£182.52
South Korea iShares MSCI Korea IKOR 11.5 1052.09 £1,016 0.80% 3.40% £34.89
Spain Amundi ETF MSCI Spain UCITS ETF CS1 13.6 967.8 £999.96 -1.60% -4.00% -£39.96
Singapore iShares MSCI Singapore Capped ETF EWS 13.1 905.01 £1,000.64 -7.80% -9.80% -£97.88
China iShares MSCI China A UCITS ETF IASH 14.7 1,051.50 £999.30 11.60% 5.10% 51.15
Total       £7,403.03 £8,018.76 -6.87% -7.68% -£615.73

Notes: The portfolio comprises the eight most undervalued markets in the world in terms of Cape (cyclically adjusted price/earnings) ratio at launch on 2 September 2019. Portfolio runs for 12 months without adjustment and is then rebalanced. Sources: Market data from Sharepad, as at 2 March 2020. Cape ratios from StarCapital, as at 10 March 2020.