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More weight in North America, underweight EM

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Upgrading Canada to overweight; downgrading Emerging Markets to underweight. Global Regional Equity Model calls for more exposure to U.S. and Canada, less to Emerging Markets. Megacaps have helped U.S. dominate global market cap while Financials and Energy have most weight in Canada. Broad emerging market weakness.

Ned Davis Research | Equities | Global Focus | Weekly

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