Growth, Quality and Momentum factors drive world equity market returns

Growth momentum and quality factor premiums highly persistent over 3, 6 and 12 months
Value factors underperform, led by dividend yield and earnings yield
Medium-term Momentum recorded the highest positive premium globally over the 12-month period followed by Forecast FY 1 revisions and Forecast Growth 12 months.

Emerging Market Equity trends similar to world equities…..

High level of persistence in Growth, Momentum and Quality factor premiums over 3, 6 and 12 month periods to 31.3.18
ROE, Forecast FY1 Revisions and Earnings Growth produce highest premiums over 12 and 6 months
Value factors underperform consistently over12 months, 3 and 6-month drawdowns much smaller and mixed
Medium and Short-term Momentum factors deliver positive return premiums
Earnings growth stability deliver strong positive returns within quality segment

As was the evidence from Asian Equities markets…..

High level of persistence in Growth, Momentum and Quality factor premiums over 3, 6 and 12-month periods to 31.3.18.
ROE, Forecast FY1 Revisions, Earnings Growth and Sales Growth produce highest premiums over 12 and 6 months.
Value factors underperform consistently over12, 6 and 3 months, Dividend yield and Book yield amongst the worst performers.
Earnings and Returns stability amongst the best performers within quality.

And the Australian Equity market.

Growth and Momentum factors outperform over various time periods.
Forecast 12 m Growth, Forecast FY1 revisions and Sales Growth amongst strongest performers.
Value factor underperformance highly consistent across time and factor types, Dividend yield was the worst performer.
Quality factors generally underperform, Debt to Equity experienced largest drawdowns.