Gavekal Capital: Asia is Still Outperforming Europe

Tuesday, March 31, 2015

Asia is Still Outperforming Europe

With the continued outperformance of Asian (namely Japanese) stocks, we are surprised to still only be hearing about the merits of the long Europe trade. The MSCI Pacific, which is mostly comprised of Japanese stocks, has outperformed the MSCI Europe by 3% in USD terms so far in 2015 and has broken out to a multi-year high. Meanwhile, the MSCI Europe still seems stuck in its same old trading range and is still 6% shy of making a new multi-year high.

About Gavekal Capital

Gavekal Capital is a US registered investment advisory firm that manages the Gavekal Knowledge Leaders Strategy. Knowledge Leaders are a group of the world’s leading innovators with deep reservoirs of intangible capital. These companies often possess competitive advantages such as strong brand, proprietary knowledge or a unique distribution mechanism. Knowledge Leaders are largely service-based and advanced manufacturing businesses, often operating globally. Gavekal Capital seeks to identify the world’s leading knowledge companies through a proprietary process that analyzes corporate knowledge investments.
We offer the Gavekal Knowledge Leaders Strategy in multiple products for global investors. For more information about our product offerings please visit http://www.gavekalcapital.com.
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