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)

ItemDetailBestWorst
World MarketAbsolute Performance % YTDJapan 35.4%Emerging Markets (4.5%)
Emerging MarketsAbsolute Performance % YTDEM Asia (1.5%)EM Latin America (11.5%)
Global SectorsAbsolute Performance % YTDHealthcare 23.3%Basic Matls (9.9%)
Sectoral Performance YTDOil & GasBD 71.2%KO (14.2%)
Sectoral Performance YTDBasic MaterialsJP 30.2%CN (29.5%)
Sectoral Performance YTDIndustrialsJP 30.2%RS (94.3%)
Sectoral Performance YTDConsumer GoodsJP 41.6%KO (4.3%)
Sectoral Performance YTDHealth CareCN 89.4%KO (15.8%)
Sectoral Performance YTDConsumer ServicesIT 40.3%CH (24.6%)
Sectoral Performance YTDTelecomJP 60.9%IT (8.4%)
Sectoral Performance YTDUtilitiesFR 37.1%RS (40.6%)
Sectoral Performance YTDFinancialsJP 38.0%IN (23.4%)
Sectoral Performance YTDTechnologyHK 52.3%BR (10.4%)
Global PE Ratio Aggregates2014eBRIC 8.2Pacific ex-Japan 13.6
Global Regional Earnings Growth2014eEurope ex. UK 16.1%BRIC 8.1%
Global Regional Price/Book Value2014eBRIC 1.1Europe 1.5
World Indices CorrelationMSCI World U$S&P 500 Composite 0.97TOPIX 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.