Regional Value-Stocks Index Trading at Record Value
The FTSE Value-Stocks ASEAN Index consists of 50 stocks subject to Contrarian, Quality and Valuation screenings. With a sharp 9% decline on Monday, the FTSE Value-Stocks ASEAN Index has declined 18% in the 2020 YTD, reducing its 3-year total return to a 3% decline. The first two sessions of this week saw the Index P/B ratio trade at 1.06x, a record low of since the Index launch in Nov 2013.