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Market Performance
Performance was positive in April across all regions and countries on an equal-weight basis. Korea, Taiwan, and India had the strongest performance with prices rising by 13.6%, 13.4%, and 11.6%, respectively. Brazil was the only region to see prices fall by 2.6%.
Long-Short Performance
Momentum had the broadest strength, with positive decile spreads across most regions and countries. Price Momentum (PMO) spreads were strongest in Taiwan and China, at 19.2ppt and 15.6ppt, respectively. Analyst Revision Model (ARM) spreads were strongest in Singapore, Taiwan, and China, ranging from 17.5ppt to 19ppt. China recorded the strongest information coefficients in both models, with PMO at 0.40 and ARM at 0.25.
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