{"url":"https://etfiq.com/models/strategies/country-momentum/","section":"models","title":"Country momentum rotation: Rules and Paper Record | ETFIQ","description":"Country momentum rotation: the rule, what it holds at the Nov 3, 2026 close, its signal and its paper record. A hypothetical ETF strategy.","as_of":"Nov 3, 2026","structured_data":[{"@type":"WebPage","@id":"https://etfiq.com/models/strategies/country-momentum/#page","name":"Country momentum rotation: Rules and Paper Record","url":"https://etfiq.com/models/strategies/country-momentum/","description":"At the Nov 3, 2026 close Country momentum rotation is risk on and holds EWY 21%, EWS 20%, EWJ 20% and 2 more. Hypothetical back-test since 2008: +3.5% a year against ACWI\u2019s +8.1%, deepest fall \u221263.4%.","dateModified":"2026-11-03","isPartOf":{"@id":"https://etfiq.com/models/strategies/#page"},"publisher":{"@id":"https://etfiq.com/#org"}},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"ETF Models","item":"https://etfiq.com/models/"},{"@type":"ListItem","position":3,"name":"Strategy Lab","item":"https://etfiq.com/models/strategies/"},{"@type":"ListItem","position":4,"name":"Country momentum rotation","item":"https://etfiq.com/models/strategies/country-momentum/"}]},{"@type":"WebPage","name":"Country momentum rotation: Rules and Paper Record","description":"Country momentum rotation: the rule, what it holds at the Nov 3, 2026 close, its signal and its paper record. A hypothetical ETF strategy.","url":"https://etfiq.com/models/strategies/country-momentum/","dateModified":"2026-11-03","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":2086,"truncated":false,"content":"ETFIQ / ETF Models / Strategy Lab / Country momentum rotation \n \n Data as of Nov 3, 2026. Rebuilt every trading night.\n Country momentum rotation\n Each month hold the five of nineteen country funds that gained most over the past year, skipping the latest month.\n At the Nov 3, 2026 close Country momentum rotation is risk on and holds EWY 21%, EWS 20%, EWJ 20% and 2 more. Hypothetical back-test since 2008: +3.5% a year against ACWI\u2019s +8.1%, deepest fall \u221263.4%.\n Hypothetical. No money is invested.\n What it holds at the Nov 3, 2026 close Fund Name Weight \n EWY iShares MSCI South Korea ETF 20.5% \n EWS iShares MSCI Singapore ETF 20.0% \n EWJ iShares MSCI Japan ETF 20.0% \n EWZ iShares MSCI Brazil ETF 19.8% \n EWT iShares MSCI Taiwan ETF 19.6% \n The rule\n Each month hold the five of nineteen country funds that gained most over the past year, skipping the latest month.\n A rule reads the close of the last trading day of the month and trades at the next close.\n The universe is 19 funds; the benchmark is iShares MSCI ACWI ETF (ACWI).\n It is checked at each month end.\n Source: Asness, C. S., Moskowitz, T. J. and Pedersen, L. H. (2013). Value and Momentum Everywhere. Journal of Finance 68(3), 929-985.\n Computed by ETFIQ from Tiingo daily prices. Data sourced by Tiingo .\n Where to next\n Compare strategies Build your own How we test All strategies Investment committee \n Cite this page. ETFIQ, ETFIQ Strategy Lab, Country momentum rotation, data as of Nov 3, 2026. https://etfiq.com/models/strategies/country-momentum/ Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, ETFIQ Strategy Lab, Country momentum rotation, data as of Nov 3, 2026. https://etfiq.com/models/strategies/country-momentum/ APA ETFIQ. (Nov 3, 2026). ETFIQ Strategy Lab, Country momentum rotation. Retrieved from https://etfiq.com/models/strategies/country-momentum/ Markdown [ETFIQ Strategy Lab, Country momentum rotation (ETFIQ, Nov 3, 2026)](https://etfiq.com/models/strategies/country-momentum/)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ Strategy Lab, Country momentum rotation, data as of Nov 3, 2026. https://etfiq.com/models/strategies/country-momentum/"}