Societe Generale Global Quantitative Research analyst Andrew Lapthorne provides us with an overview of the global equity markets. We take a look at the best and worst performers across selected parameters detailed in this report.

Global Equity Funds

Global equity markets overview

(Figures in parenthesis indicate negative values)

Item Detail Best Worst
World Market Absolute Performance % YTD Japan 35.4% Emerging Markets (4.5%)
Emerging Markets Absolute Performance % YTD EM Asia (1.5%) EM Latin America (11.5%)
Global Sectors Absolute Performance % YTD Healthcare 23.3% Basic Matls (9.9%)
Sectoral Performance YTD Oil & Gas BD 71.2% KO (14.2%)
Sectoral Performance YTD Basic Materials JP 30.2% CN (29.5%)
Sectoral Performance YTD Industrials JP 30.2% RS (94.3%)
Sectoral Performance YTD Consumer Goods JP 41.6% KO (4.3%)
Sectoral Performance YTD Health Care CN 89.4% KO (15.8%)
Sectoral Performance YTD Consumer Services IT 40.3% CH (24.6%)
Sectoral Performance YTD Telecom JP 60.9% IT (8.4%)
Sectoral Performance YTD Utilities FR 37.1% RS (40.6%)
Sectoral Performance YTD Financials JP 38.0% IN (23.4%)
Sectoral Performance YTD Technology HK 52.3% BR (10.4%)
Global PE Ratio Aggregates 2014e BRIC 8.2 Pacific ex-Japan 13.6
Global Regional Earnings Growth 2014e Europe ex. UK 16.1% BRIC 8.1%
Global Regional Price/Book Value 2014e BRIC 1.1 Europe 1.5
World Indices Correlation MSCI World U$ S&P 500 Composite 0.97 TOPIX Mothers 0.32

Notes for global equity markets:

1. World Market: In the table above Japan puts up the best YTD show of 35.4%, yet its performance over 3 months is the worst at (-0.6%) primarily because of the impact of the imposition of additional sales tax by the Japanese government.

2. Emerging Markets: Of the emerging market indices, the Brazilian Bovespa index was the worst off YTD (-13.3%) while the South African (FTSE/JSE All Shares) index performed the best (+11.9%).

3. Global Sectors: Basic Materials (-9.9%) was down chiefly because of the poor performance of sub-sectors Mining (-27.5%), and Industrial Metals & Mining (-12.5%).

4. Mining was down in CH (-34.8%), IN (-29.8%), CN (-41.3%) and US (-27.5%) YTD.

5. Metals and Mining was down in the UK (-46.2%), FR (-27.5%), IN (-22.4%) and CN (-18.3%) YTD.

6. Sectoral Performance YTD (Financials): The striking underperformance out of India straddles all its sub-sectors – the red ink here is way beyond that seen in any other country.