Watching the markets of various Asian and European countries got me thinking that maybe there's an opportunity.
Looking at the website below (or open the attachment for the related chart), it looks look various developed market Asian and European countries are cheap based on various measures. Specifically, Italy, Spain, Singapore, Austria, South Korea, and Portugal are arguably "cheap". Obviously, they're cheap because they've been hard hit by COVID-19, they had weak economies prior to COVID-19, etc.
https://www.starcapital.de/en/research/stock-market-valuation/Has anyone come across interesting ideas in these six countries?
Also, what do y'all think of the following strategy:
Buy a basket of 20-30 stocks in each of these "cheap" markets
Base the stocks that you buy purely off of the lowest enterprise value / EBITDA multiples
Make sure the stocks that you buy are fairly liquid by excluding the lowest 50% percentile based off of market cap