Goldman Sachs har sammenlignet price earnings på amerikanske og øvrige aktier over de seneste 15 år og konkluderer, at globale aktier har en betydelig discount over for de amerikanske. Derfor er der god grund til at investere i netop globale aktier.
Ex-US Equities on Sale
Global equities are trading at a substantial discount to the US, even after adjusting for differences in sector weights.
This valuation headroom, combined with strong 24m forward earnings forecasts (94% for MSCI EAFE and 53% for MSCI EM), a high beta to the global growth recovery, and attractive security selection potential, all make a strong case for investing with a global lens in our view.
Uddrag fra Gold