PT - JOURNAL ARTICLE AU - John B. Guerard, Jr. AU - Robert A. Gillam AU - Bijan Beheshti TI - Stock Selection Modeling and Portfolio Selection in Emerging Markets AID - 10.3905/jpm.2022.1.375 DP - 2022 Jun 09 TA - The Journal of Portfolio Management PG - jpm.2022.1.375 4099 - https://pm-research.com/content/early/2022/06/09/jpm.2022.1.375.short 4100 - https://pm-research.com/content/early/2022/06/09/jpm.2022.1.375.full AB - This article addresses stock selection modeling and portfolio selection and implementation in EMs. The authors view EM investing as a special case of global investing, demonstrating how stock-selection models in EMs with price momentum and forecasted earnings acceleration factors can enhance returns. The authors construct index-enhanced portfolios for EMs that offer superior return-to-risk ratios relative to domestic portfolios. Based on back test and in real-time performance, the authors show how an EM portfolio using forecasted earnings and price momentum anomalies can be developed, estimated, and implemented to generate statistically significant excess returns.