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.

February 2026

Regional Assessments

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

February 2026

US Sector Ranking

Clients have tilts toward the following sectors:

  • Industrials
  • Consumer Staples
  • Energy
  • Utilities

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

  • Information Technology
  • Consumer Discretionary
  • Real Estate
  • Small Cap
February 2026

Asia/Pacific Country Ranking

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

February 2026

European Country Ranking

The countries with the highest overall ranking in Europe are:

  • UK
  • Switzerland
  • Spain
  • Finland
  • Norway

The least favored European equity markets are:

  • France
  • Germany
  • Denmark
  • Israel
February 2026

Emerging Market Country Ranking

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

  • Taiwan
  • South Africa
  • Mexico
  • Malaysia
  • Thailand

Clients are underweight China, India, Brazil and Indonesia.

RussiaĀ is not investable at this point.