$10B AI/semis stimulus
JapanLong
Japan 1.5T yen $10B AI/semi/shipbuild
Source: Schwab
$8.3B defense stimulus
JapanLong
Japan 1.3T yen $8.3B defense
Source: Schwab
2025 intl outperformed +30%
IndustryLong
Non-US +30% return mid-Dec 2025
Source: Fidelity
21.3T yen $136B stimulus
JapanLong
Japan 21.3T yen $136B stimulus pkg
Source: Schwab
75% inflows still went to US
IndustryMulti
3/4 of decade equity flows went to US
Source: CFA
80%+ EM faster growth than US
IndustryLong
80%+ EM faster growth vs US next 5Y
Source: CFA
AEX Dutch
EuropeMulti
AEX Dutch 25 blue chips
Source: encyclopedia
ASML Dutch lithography
Europe NamesLong
ASML Dutch lithography monopoly
Source: Fidelity
Advantest ATEYY semi test
JapanLong
Advantest ATEYY semi test AI poster child
Source: Fidelity
Airbus AIR aerospace
Europe NamesLong
Airbus AIR aerospace
Source: encyclopedia
Allianz German insurance
Europe NamesLong
Allianz ALIZY German insurance
Source: encyclopedia
AstraZeneca AZN UK pharma
Europe NamesLong
AstraZeneca AZN UK pharma
Source: encyclopedia
Australia ASX 200
Asia DevLong
ASX 200 Australian benchmark
Source: encyclopedia
BMW Volkswagen Mercedes-Benz
Europe NamesMulti
German automakers
Source: encyclopedia
Buybacks + divs rising
JapanLong
Japan share buybacks + dividends rising
Source: Cambridge
CAC 40 French blue chip
EuropeLong
CAC 40 French blue chips
Source: encyclopedia
Carry trade unwind risk
JapanShort
Japan carry trade unwind risk
Source: BNY
Cross-shareholding unwind
JapanLong
Japanese cross-shareholding unwind
Source: Cambridge
DAX German blue chip
EuropeLong
DAX German 40 blue chips
Source: encyclopedia
DXJ WisdomTree Japan Hedged
Japan ETFsLong
WisdomTree DXJ Japan Hedged
Source: encyclopedia
Defense + industrials sectors
EuropeLong
European defense + industrials priority sectors
Source: iShares
Dollar weakness tailwind 2026
IndustryLong
USD weakness tailwind 2026
Source: Schwab
EAFE sectors mostly beat US
IndustryLong
Most EAFE sectors beat US 11M 2025
Source: Schwab
EFA iShares MSCI EAFE
ETFsLong
iShares EFA MSCI EAFE
Source: encyclopedia
EM EPS +17% USD vs US +12%
IndustryLong
EM EPS +17% USD 2024-26 vs US +12%
Source: CFA
EWJ iShares MSCI Japan
Japan ETFsLong
iShares EWJ MSCI Japan
Source: encyclopedia
EuroStoxx 50 main index
EuropeLong
Euro Stoxx 50 large cap eurozone
Source: encyclopedia
Europe ex-UK +5.7% Apr 2026
EuropeLong
Europe ex-UK +5.7% Apr 2026
Source: JPM
Europe particularly bright 2026
EuropeLong
Europe particularly bright 2026
Source: Schwab
European banks 9-10x P/E
EuropeLong
European banks 9-10x P/E discount to US
Source: Fidelity
European banks ROE rising
EuropeLong
European banks ROE single → low double
Source: Fidelity
FEZ SPDR Euro Stoxx 50
Europe ETFsLong
SPDR FEZ Euro Stoxx 50
Source: encyclopedia
FLEH Fidelity Europe hedged
Europe ETFsLong
Fidelity FLEH Europe hedged
Source: encyclopedia
FTSE 100 UK large cap
EuropeLong
FTSE 100 UK large cap
Source: encyclopedia
FTSE MIB Italian
EuropeMulti
FTSE MIB Italian blue chips
Source: encyclopedia
Fanuc FANUY robots
JapanLong
Fanuc FANUY industrial robots
Source: encyclopedia
Germany fiscal stimulus
EuropeLong
Germany shifting from austerity to growth
Source: Schwab
HEWJ iShares Japan Hedged
Japan ETFsLong
iShares HEWJ Japan Hedged
Source: encyclopedia
HEZU iShares Currency Hedged Eur
Europe ETFsLong
iShares HEZU Eurozone hedged
Source: encyclopedia
Hermès single-brand luxury
Europe NamesLong
Hermès HESAY single-brand luxury
Source: encyclopedia
High debt-to-GDP
JapanShort
Japan elevated debt-to-GDP fiscal risk
Source: Schwab
Hitachi HTHIY
JapanLong
Hitachi HTHIY conglomerate
Source: encyclopedia
Hong Kong Hang Seng
Asia DevMulti
Hang Seng Hong Kong
Source: encyclopedia
IBEX 35 Spanish
EuropeMulti
IBEX 35 Spanish blue chips
Source: encyclopedia
IEFA iShares Core MSCI EAFE
ETFsLong
iShares IEFA Core EAFE
Source: encyclopedia
IEUR iShares Core MSCI Europe
Europe ETFsLong
iShares IEUR Core Europe
Source: encyclopedia
Indices Nikkei 225 main
JapanLong
Nikkei 225 Japan main index
Source: encyclopedia
Intl beat S&P 500 by 17pts
IndustryLong
Intl outperformed S&P 500 by 17 pts 2025
Source: CFA
Intl earnings accelerate 2026
IndustryLong
Intl earnings expected accelerate 2026
Source: Schwab
Intl value +13.5% growth +4%
IndustryLong
Intl value +13.5% vs growth +4% since Nov
Source: BNY
Japan corporate gov reform
JapanLong
Japan TSE corporate governance push
Source: Cambridge
Keyence KYCCF sensors
JapanLong
Keyence KYCCF sensors automation
Source: encyclopedia
L'Oréal cosmetics
Europe NamesLong
L'Oréal LRLCY cosmetics largest
Source: encyclopedia
LVMH Tesla luxury #1
Europe NamesLong
LVMH largest luxury
Source: encyclopedia
Linde LIN industrial gas
Europe NamesLong
Linde LIN industrial gases
Source: encyclopedia
MSCI ACWI 47 countries
IndicesLong
MSCI ACWI 23 DM + 24 EM
Source: encyclopedia
MSCI ACWI ex-US
IndicesLong
MSCI ACWI ex-US 46 countries
Source: encyclopedia
MSCI ACWI ex-US +8.7% since Nov
IndustryLong
MSCI ACWI ex-US +8.7% Nov 2025-Feb 2026
Source: BNY
MSCI EAFE Europe Aus Far East
IndicesLong
MSCI EAFE 21 DM ex-US ex-Canada
Source: Schwab
MSCI EMU Eurozone 10
IndicesLong
MSCI EMU 10 Eurozone DM
Source: Schwab
MSCI World - DM countries
IndicesLong
MSCI World 23 DM countries
Source: MSCI
Mitsubishi UFJ MUFG
JapanLong
Mitsubishi UFJ MUFG largest bank
Source: encyclopedia
Mizuho Financial MFG
JapanMulti
Mizuho Financial MFG bank
Source: encyclopedia
Multi-decade deflation ending
JapanLong
Japan emerging from disinflation cycle
Source: Cambridge
Nestlé NSRGY Swiss
Europe NamesLong
Nestlé NSRGY Swiss food giant
Source: encyclopedia
Nintendo NTDOY gaming
JapanMulti
Nintendo NTDOY Japanese gaming
Source: encyclopedia
Novo Nordisk NVO Danish
Europe NamesMulti
Novo Nordisk NVO Danish
Source: encyclopedia
OMX Stockholm Swedish
EuropeMulti
OMX Stockholm 30 Swedish
Source: encyclopedia
Outperformed 5Y
JapanLong
Japan equities outperformed global 5Y
Source: BlackRock
Pro-growth gov Feb 2026
JapanLong
Japan February 2026 pro-growth gov elections
Source: BlackRock
Recruit Holdings
JapanMulti
Recruit Holdings Indeed parent
Source: encyclopedia
Roche RHHBY Swiss pharma
Europe NamesLong
Roche RHHBY Swiss pharma
Source: encyclopedia
SAP German enterprise SW
Europe NamesLong
SAP German enterprise software
Source: encyclopedia
SAP HANA enterprise SW
Europe NamesLong
SAP HANA enterprise database/cloud
Source: encyclopedia
SMI Swiss
EuropeMulti
Swiss Market Index SMI
Source: encyclopedia
Sanofi SNY French pharma
Europe NamesMulti
Sanofi SNY French pharma
Source: encyclopedia
Schneider Electric SBGSF
Europe NamesLong
Schneider Electric SBGSF
Source: encyclopedia
Shell SHEL UK oil major
Europe NamesLong
Shell SHEL UK oil major
Source: encyclopedia
Siemens German engineering
Europe NamesLong
Siemens German engineering
Source: encyclopedia
Singapore Straits Times
Asia DevMulti
Singapore Straits Times
Source: encyclopedia
SoftBank SFTBY tech investing
JapanMulti
SoftBank SFTBY tech VC
Source: encyclopedia
Sony SONY conglomerate
JapanLong
Sony SONY conglomerate
Source: encyclopedia
Sumitomo Mitsui SMFG
JapanLong
Sumitomo Mitsui SMFG bank
Source: encyclopedia
TSX 60 Canadian large cap
CanadaLong
iShares EWC Canada
Source: encyclopedia
Tokyo Electron TOELY
JapanLong
Tokyo Electron TOELY semi equipment
Source: encyclopedia
Tokyo SE PBR push
JapanLong
TSE pushing low PBR companies
Source: Cambridge
Topix +6.6% Apr 2026
JapanLong
Japan Topix +6.6% Apr 2026
Source: JPM
Topix Core 30 large cap
JapanLong
Topix Core 30 Japan large cap
Source: encyclopedia
Topix broader
JapanLong
Topix broader Japan index
Source: encyclopedia
TotalEnergies TTE French
Europe NamesLong
TotalEnergies TTE French oil
Source: encyclopedia
Toyota TM auto leader
JapanLong
Toyota Motor TM Japanese auto leader
Source: encyclopedia
UK Apr 26 +2.8% laggard
EuropeShort
FTSE All-Share +2.8% Apr 2026 laggard
Source: JPM
UK CPI +3.3% Apr 2026
EuropeShort
UK CPI rose to 3.3% Apr 2026
Source: JPM
US 22x P/E EM 13x EAFE 15x
IndustryMulti
US 22x P/E vs 13x EM vs 15x EAFE
Source: CFA
US 65% MSCI ACWI 50% earnings
IndustryMulti
US 65% MSCI ACWI vs 50% global earnings
Source: CFA
US 75% MSCI World current
IndustryMulti
US 75% MSCI World current weight
Source: MSCI
Unilever UL UK consumer
Europe NamesMulti
Unilever UL UK consumer
Source: encyclopedia
VEA Vanguard FTSE Developed
ETFsLong
Vanguard VEA FTSE Developed
Source: encyclopedia
VGK Vanguard FTSE Europe
Europe ETFsLong
Vanguard VGK Europe
Source: encyclopedia
Wage/price dynamic gaining
JapanLong
Wage/price dynamic gaining traction Japan
Source: Cambridge
An encyclopedia of publicly documented strategies for education. YCAI does not recommend, endorse, or trade any of these. Not investment advice.