Reimagining Global Equity Allocation: A Factor-Based Framework for Country Investing
CPT/CE Eligibility (A Recognized CPT Provider)
| CPT hour(s) | TBC |
| PL (CE) hour(s) | TBC |
| RBV CPD hour(s) | TBC |
Global equity investing is undergoing a structural shift, with capital increasingly allocated across countries and regions rather than individual securities. This evolution raises an important question: Can we approach country allocation systematically, with the same rigor as stock-level factor investing? This session presents a research-driven framework for country investing that extends established equity factors—such as value, momentum, size, and reversal—to the country level. Drawing on academic literature and empirical evidence, the discussion highlights how to model country-level return patterns and use them to support disciplined allocation decisions. The session also addresses the limitations of traditional approaches, which are often either purely statistical or highly discretionary. It introduces a structured perspective on integrating macroeconomic information into the investment process, enabling a more comprehensive interpretation of global market dynamics. Overall, the webinar provides a conceptual and practical framework for global equity allocation, linking factor-based insights with macroeconomic context in a systematic and transparent manner.
Learning Objectives
Participants will be able to:
- Understand the structural shift toward country-level allocation
- Explain how equity factors extend to country indices
- Interpret the economic intuition behind country-level factors
- Recognize the limitations of traditional factor and macro approaches
- Evaluate a systematic framework for global equity allocation
Agenda
- Structural shift in global investing
- Foundations of country-level return predictability
- Factor-based country investing framework
- Economic intuition behind key factors
- Limitations of traditional approaches
- Integrating macroeconomic context into allocation decisions
- Workshop with a focus on APEC countries
About the Speaker
Mr. Sailesh S. Radha
Sailesh S. Radha is the Founder and CEO of Borealis Global Analytics, a research-driven platform focused on systematic, country-level equity allocation and portfolio construction for global investment professionals. He develops and applies macroeconomic and smart beta frameworks to inform country allocation decisions and global portfolio construction. Sailesh is the pioneer of the Medium-Term Country Yield Forecast (CY-M), a framework developed through an extended application of Shiller’s CAPE ratio in international markets. His research has been published in leading practitioner journals, including the Journal of Portfolio Management and the Journal of Index Investing. Notable works include “Using CAPE to Forecast Country Returns for Designing an International Country Rotation Portfolio” and “A Prognostic Yield Measure for Country Selection in the Medium-Term.” During the European sovereign debt crisis, Sailesh contributed to the development of analytical frameworks at Yardeni Research to assess sovereign balance sheet risks across the GIIPS countries—Greece, Ireland, Italy, Portugal, and Spain—helping inform global investment perspectives during a period of systemic stress. His professional experience spans global equity strategy, economics, and technology, including roles at Yardeni Research, CCM Investment Advisers, the World Health Organization, and Blue Cross Blue Shield. This multidisciplinary background informs his approach to integrating macroeconomic insight with systematic portfolio design and data-driven investment frameworks. Sailesh holds a B.Tech in Electrical Engineering from NIT Warangal (India), an MBA from the University of South Carolina, and a Master of Arts in Law and Diplomacy (MALD) in International Economics from Tufts University.
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Remarks
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