Global Valuation: Thursday, September 9, 2010

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

INDEX
EPS YIELD

MSCI RUSSIA
17.31%

MSCI GREECE
11.69%

MSCI KOREA
11.28%

MSCI SPAIN
11.04%

MSCI HUNGARY
10.95%

MSCI AUSTRIA
10.92%

MSCI NORWAY
10.91%

MSCI TURKEY
10.78%

MSCI UNITED KINGDOM
10.63%

MSCI ITALY
10.59%

MSCI BRAZIL
10.56%

MSCI NETHERLANDS
10.42%

MSCI ARGENTINA
10.38%

MSCI EGYPT
10.31%

MSCI FRANCE
10.13%

MSCI ISRAEL
10.04%

MSCI GERMANY
9.99%

MSCI EUROPE
9.97%

MSCI CZECH REPUBLIC
9.83%

MSCI EM LATIN AMERICA
9.49%


As you can see, the much battered down Greece holds quite a high spot.  This, along with Greece's recent positive performance in the equities markets (+7% last week), may be reminiscent of better times to come.  Another item of note is that the MSCI Emerging Latin America region is the only region in our list.  It will be interesting to see how this develops based on valuation metrics and equity performance over the coming months. 

To view the complete chartbook and table, click here.

Justin Wood


Please see important disclosures at the bottom of this page.