{"url":"https://etfiq.com/models/strategies/country-value-momentum/","section":"models","title":"Country value plus momentum: Rules and Paper Record | ETFIQ","description":"Country value plus momentum: 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-value-momentum/#page","name":"Country value plus momentum: Rules and Paper Record","url":"https://etfiq.com/models/strategies/country-value-momentum/","description":"At the Nov 3, 2026 close Country value plus momentum is risk on and holds EWN 20%, EWS 20%, EWM 20% and 2 more. Hypothetical back-test since 2008: +4.1% a year against ACWI\u2019s +8.1%, deepest fall \u221260.5%.","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 value plus momentum","item":"https://etfiq.com/models/strategies/country-value-momentum/"}]},{"@type":"WebPage","name":"Country value plus momentum: Rules and Paper Record","description":"Country value plus momentum: 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-value-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":2284,"truncated":false,"content":"ETFIQ / ETF Models / Strategy Lab / Country value plus momentum \n \n Data as of Nov 3, 2026. Rebuilt every trading night.\n Country value plus momentum\n Each month hold the five country funds that rank best on cheapness and past-year gain combined. Cheapness is ETFIQ's own stand-in: dividend yield and 5-year price decline, not CAPE or earnings.\n At the Nov 3, 2026 close Country value plus momentum is risk on and holds EWN 20%, EWS 20%, EWM 20% and 2 more. Hypothetical back-test since 2008: +4.1% a year against ACWI\u2019s +8.1%, deepest fall \u221260.5%.\n Hypothetical. No money is invested.\n What it holds at the Nov 3, 2026 close Fund Name Weight \n EWN iShares MSCI Netherlands ETF 20.1% \n EWS iShares MSCI Singapore ETF 20.0% \n EWM iShares MSCI Malaysia ETF 20.0% \n EWJ iShares MSCI Japan ETF 20.0% \n EWZ iShares MSCI Brazil ETF 19.8% \n The rule\n Each month hold the five country funds that rank best on cheapness and past-year gain combined. Cheapness is ETFIQ's own stand-in: dividend yield and 5-year price decline, not CAPE or earnings.\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 value plus momentum, data as of Nov 3, 2026. https://etfiq.com/models/strategies/country-value-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 value plus momentum, data as of Nov 3, 2026. https://etfiq.com/models/strategies/country-value-momentum/ APA ETFIQ. (Nov 3, 2026). ETFIQ Strategy Lab, Country value plus momentum. Retrieved from https://etfiq.com/models/strategies/country-value-momentum/ Markdown [ETFIQ Strategy Lab, Country value plus momentum (ETFIQ, Nov 3, 2026)](https://etfiq.com/models/strategies/country-value-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 value plus momentum, data as of Nov 3, 2026. https://etfiq.com/models/strategies/country-value-momentum/"}