Views & News

JOHCM International Select Strategy Update

| International Equities
Christopher Lees
Nudgem Richyal
17 Jan 2024

 

 

Magnificent 7 - Alphabet (Google), Amazon, Apple, Meta (Facebook), Microsoft, Nvidia, Tesla

S&P 500 - The S&P 500® is widely regarded as the best single gauge of large-cap U.S. equities. The index includes 500 leading companies and covers approximately 80% of available market capitalization.

MSCI ACWI ex USA - captures large and mid cap representation across 22 of 23 Developed Markets (DM) countries (excluding the US) and 24 Emerging Markets (EM) countries*. With 2,312 constituents, the index covers approximately 85% of the global equity opportunity set outside the US.

MSCI ACWI - The MSCI ACWI captures large and mid-cap representation across 23 Developed Markets (DM) and 24 Emerging Markets (EM) countries*. With 2,921 constituents, the index covers approximately 85% of the global investable equity opportunity set. 

MSCI China - The MSCI China Index captures large and mid-cap representation across China A shares, H shares, B shares, Red chips, P chips and foreign listings (e.g. ADRs). With 717 constituents, the index covers about 85% of this China equity universe. Currently, the index includes Large Cap A and Mid Cap A shares represented at 20% of their free float adjusted market capitalization.

MSCI World - The MSCI World Index captures large and mid-cap representation across 23 Developed Markets (DM) countries*. With 1,480 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in each country.

MSCI World Small Mid-Cap - The MSCI World SMID Cap Index captures mid and small cap representation across 23 Developed Markets (DM) countries*. With 5,025 constituents, the index covers approximately 28% of the free float-adjusted market capitalization in each country 

MSCI World Large Cap - The MSCI World Large Cap Index captures large cap representation across 23 Developed Markets (DM) countries1. With 632 constituents, the index covers approximately 70% of the free float-adjusted market capitalization in each country.

  1. DM countries include: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the UK and the US. EM countries include: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Kuwait, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Saudi Arabia, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates.
     

 

Disclaimer

The views expressed are those of the portfolio managers as of January 2024 are subject to change, and may differ from the views of other portfolio managers or the firm as a whole. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice.

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