Reimagining Global Equity Allocation: A Factor-Based Framework for Country Investing
Webinar Overview
Global equity investing is undergoing a structural shift, with capital increasingly allocated across countries and regions rather than solely through individual securities. This evolution raises an important question: Can country allocation be approached systematically, with the same rigor as stock-level factor investing?
This session presents a research-driven framework for country investing that extends established equity factors—such as value, momentum, size, and reversal—to the country level. Drawing on academic literature and empirical evidence, the discussion highlights how country-level return patterns can be modeled and used to support disciplined allocation decisions.
The session also addresses the limitations of traditional approaches, which are often either purely statistical or highly discretionary. It introduces a structured perspective on integrating macroeconomic information into the investment process, enabling a more comprehensive interpretation of global market dynamics.
Overall, the webinar provides a conceptual and practical framework for global equity allocation, systematically and transparently linking factor-based insights to the macroeconomic context.
Learning Objectives
- Understand the structural shift toward country-level allocation.
- Explain how established equity factors can be extended to country indices.
- Interpret the economic intuition behind country-level factors.
- Recognize the limitations of traditional factor-based and macro-driven approaches.
- Evaluate a systematic framework for global equity allocation.
Agenda
- Structural shift in global investing
- Foundations of country-level return predictability
- Factor-based country investing framework
- Economic intuition behind key country-level factors
- Limitations of traditional approaches
- Integrating macroeconomic context into allocation decisions
- Illustrative examples using the Borealis platform
Note– Zoom link will be shared one day prior to the webinar on the registered mail Id’s
Date- 11th July 2026
Time- 4 PM to 5 PM
Venue- Zoom Meeting
Sailesh S Radha
Founder and CEO @Borealis Global Analytics
Sailesh is the Founder and CEO of Borealis Global Analytics, a research-driven platform focused on systematic, country-level equity allocation and portfolio construction for global investment professionals. He develops and applies macroeconomic and smart beta frameworks to inform country allocation decisions and global portfolio construction.
Sailesh is the pioneer of the Medium-Term Country Yield Forecast, a framework developed by extending Shiller’s CAPE ratio to international markets. His research has been published in leading practitioner journals, including the Journal of Portfolio Management and the Journal of Index Investing. His notable works include “Using CAPE to Forecast Country Returns for Designing an International Country Rotation Portfolio” and “A Prognostic Yield Measure for Country Selection in the Medium-Term.”
During the European sovereign debt crisis, Sailesh contributed to developing analytical frameworks at Yardeni Research to assess sovereign balance-sheet risks across the GIIPS countries—Greece, Ireland, Italy, Portugal, and Spain—thereby helping inform global investment perspectives during a period of systemic stress.
His professional experience spans global equity strategy, economics, and technology, including roles at Yardeni Research, CCM Investment Advisers, the World Health Organization, and Blue Cross Blue Shield. This multidisciplinary background informs his approach to integrating macroeconomic insight with systematic portfolio design and data-driven investment frameworks.
Sailesh holds a B.Tech in Electrical Engineering from NIT Warangal, India; an MBA from the University of South Carolina; and a Master of Arts in Law and Diplomacy in International Economics from The Fletcher School at Tufts University.