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The five countries with the highest index return on equity in descending order are: USA (NYSEARCA:SPY), China (NYSEARCA:GXC), Brazil (NYSEARCA:EWZ), Indonesia (NYSEARCA:IDX) and India (NYSEARCA:EPI).

The five countries with the lowest index return on equity in ascending order are: Austria (NYSEARCA:EWO), Japan (NYSEARCA:EWJ), Italy (NYSEARCA:EWI), Netherlands (NYSEARCA:EWN) and France (NYSEARCA:EWQ).

Note that these rankings can/will shift dramatically as earnings recover or falter in each country. This is a snapshot as of most recent reported data.

The table below presents the trailing P/S, P/B and ROE for 31 countries, including the United States.

Note also that the proxy funds generally do not track the same index for which the table provides multiples, but the data may be “close enough” to at least guide further study of the fund and the particular indexes that the various funds track.


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Holdings Disclosure: As of January 28, 2011 we hold positions in some but not all managed accounts for the following securities mentioned in this article: EWS, EWY, RSX, VTI, EWZ.

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Source: Which Country Funds Have the Highest and Lowest ROE?