Asia ex Japan Is Trading around Its 10-yr Average Price-to-Book
World recently hit +1 Stdev from 10-yr average
- Global markets are expensive, not bubble yet
US still trading +2 Stdev from 10-yr average
- US 10-year bull run hitting its peak
Asia ex Japan is trading around its 10-yr average
- Unlike the US, Asia valuations are not stretched
- Developed Asia ex Japan appears cheap
DISCLAIMER: This content is for information purposes only. It is not intended to be investment advice. Readers should not consider statements made by the author(s) as formal recommendations and should consult their financial advisor before making any investment decisions. While the information provided is believed to be accurate, it may include errors or inaccuracies. The author(s) cannot be held liable for any actions taken as a result of reading this article.