Chart: Why to consider international value stocks

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Jun 10, 2019

Edward Kerschner, Chief Portfolio Strategist

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With a high P/E premium on international growth stocks, it’s time to take a closer look at value.

Investors are paying a higher premium for international growth stocks

The current P/E premium for international growth vs. value stocks is well above the historical average and the highest it’s been in 13 years.

Rebalance portfolios with purpose. After a long period of growth leading value, now may be a smart time to diversify your equity exposure with value stocks, particularly on the international side.

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Disclosures

The MSCI ACWI ex USA Growth Index captures large- and mid-cap securities exhibiting overall growth style characteristics across 22 developed markets (DM) countries and 26 Emerging Markets (EM) countries.

The MSCI ACWI ex USA Value Index captures large- and mid-cap securities exhibiting overall value style characteristics across 22 developed and 26 emerging markets countries.

Price-to-earnings ratio is a stock's price divided by after-tax earnings over a trailing 12-month period, which serves as an indicator of value based on earnings.

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Edward Kerschner

Chief Portfolio Strategist

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