Global Valuation: Thursday, September 30, 2010

Below is a table of the countries/regions with the highest current EPS yields:

INDEX
EPS YIELD

MSCI RUSSIA
16.55%

MSCI KOREA
11.07%

MSCI GREECE
10.87%

MSCI AUSTRIA
10.76%

MSCI SPAIN
10.36%

MSCI NORWAY
10.29%

MSCI TURKEY
10.21%

MSCI HUNGARY
10.07%

MSCI ITALY
10.06%

MSCI BRAZIL
9.99%

MSCI EGYPT
9.97%

MSCI UNITED KINGDOM
9.96%

MSCI CZECH REPUBLIC
9.90%

MSCI NETHERLANDS
9.86%

MSCI ARGENTINA
9.84%

MSCI GERMANY
9.55%

MSCI FRANCE
9.48%

MSCI ISRAEL
9.44%

MSCI EUROPE
9.39%
MSCI EMERGING MKTS

9.10%


It is interesting to note the strong EPS yields of countries feared not so long ago of being on the threshold of an economic catastrophe.  Furthermore, the entire European region as a whole has the highest current EPS yield among countries/regions, with Emerging Markets trailing close behind.  We will continue to watch this development and provide regular updates.

To view the complete report and chart book, click here.

Justin Wood

Please see important disclosures at the bottom of this page.