TY - JOUR T1 - Stock Selection Modeling and Portfolio Selection in Emerging Markets JF - The Journal of Portfolio Management DO - 10.3905/jpm.2022.1.375 SP - jpm.2022.1.375 AU - John B. Guerard, Jr. AU - Robert A. Gillam AU - Bijan Beheshti Y1 - 2022/06/09 UR - https://pm-research.com/content/early/2022/06/09/jpm.2022.1.375.abstract N2 - 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. ER -