In the absence of improving macro or earnings data, last month’s risk-on rally seems unsustainable, believe BAML analysts. Nigel Tupper and colleagues highlight in their March 8 research note titled “Unsustainable” their seven Asia Pac Quantessential Styles, which are designed to track a particular investment style.
Asia Pac Quantessential Style performance differs from last two-year trends
Tupper and team point out that their Asia Pac Quantessential Style includes 25 stocks and closely mirrors the region and sector weights of the MSCI APxJ. Elaborating further on the criteria for a stock to be included in their analysis, the BAML analysts point out that the stock must be in the largest 75% of stocks of the MSCI Asia Pacific ex-Japan Index by market cap,...
