Inexpensive non-US stocks are especially attractive at present

November 2024

GMO circulated the graph below showing that inexpensive non-US stocks are especially attractive at present. For instance, you’ll see that the bottom 20% are cheaper than any time in the last 40 years.

Bargain hunters should ignore the Black Friday sales – and the post-election feeding frenzy going on in the US – and look at these unloved areas instead.

https://www.gmo.com/europe/research-library/dont-miss-out-a-historic-opportunity-in-deep-value_insights/

You can see the full article here.

As always, please find our latest fund factsheet.