Equity index rankings

How to read the charts

Our market assessment charts distill complex data into a simple visual: which regions, countries, and sectors of the global equity market look more (or less) attractive going forward.

Each chart plots Value on the x-axis (how cheap or expensive a market is based on fundamentals like earnings and cash flow) and Momentum on the y-axis (recent price performance). Together, these dimensions help us identify areas with the strongest combination of current strength and forward-looking return potential.

How to read the chart:

  • Upper right = Comfort Zone: Attractive value and strong momentum.
  • Lower left = Danger Zone: Expensive and weakening performance.

Circle size shows the marketā€™s relative size (capitalization), and color reflects our current positioning:

šŸŸ¢ Overweight

šŸŸ” Neutral

šŸ”“ Underweight

While Value and Momentum are the most visible signals, our investment decisions also incorporate additional factors behind the scenes.

May 2026

Regional Assessments

In the Atlas Capital quantitative assessment of equity regions as of May 2026, clients have higher than market exposure to Japan, Canada and Asia ex Japan. Atlas clients are close to market weights for Europe and Emerging Markets ex China.Ā  There are tilts away from International Small Cap, China and particularly the United States, which has the least favorable combination of value and momentum.

May 2026

US Sector Ranking

Clients have tilts toward the following sectors:

  • Communication Services
  • Mid Cap
  • Energy

These US equity markets have theĀ lowest rankingĀ and therefore underweight positions for clients:

  • Financials
  • Consumer Discretionary
  • Health Care
  • Consumer Staples
  • Real Estate
May 2026

Asia/Pacific Country Ranking

In Asia/Pacific we are tilted toward Korea and Japan and away from Australia and Hong Kong. Clients are neutral in Singapore.

May 2026

European Country Ranking

The countries with the highest overall ranking in Europe are:

  • Spain
  • Finland
  • Ireland
  • Norway
  • Austria

The least favored European equity markets are:

  • UK
  • France
  • Germany
  • Italy
  • Denmark
May 2026

Emerging Market Country Ranking

The Emerging Market region has a wide dispersion of favorability.Ā TheĀ best-positioned Emerging MarketsĀ are:

  • Taiwan
  • Mexico
  • Poland
  • Malaysia
  • Thailand

Clients are underweight China, India, and Indonesia.