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
Portfolio based on best-value single-country markets
|Country||Fund||Ticker||CAPE ratio of index||Current value||Starting value||Total return
this quarter (%)
since launch (%)
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|
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.