Eoin Treacy's view Here is the monthly list of 99 global indices ranked in descending order by dividend yields, then in ascending order by P/E, Price / Book and Price / Cash Flow.

Over the course of the last month The Strait Times Index's dividend yield has compressed from 4.23% to 3.88% reflecting the impressive rally from the early October lows. In common with a number of other indices, the Index has closed the oversold condition relative to the 200-day MA. It now remains to be seen whether it can sustain a move above it.

(Please note: Bloomberg has changed the way it displays fundamental data for indices with negative values. Previously it simply showed N/A when an index had a negative P/E, Price/Book or Price/Cashflow. Now it displays the negative figure. This means that the rankings in our monthly report have been changed somewhat because the negative numbers appear first when sorted in ascending order.

All data quoted above originates in Bloomberg. We realise that some of the data displayed is inaccurate for some indices, particularly where ADRs are included. However, I have endeavoured to remove those indices which were most problematic. We continue to publish these tables because the data is generally accurate and going forward we will continue to weed-out the less reliable data sets as subscribers highlight them for us. The P/Es quoted by Bloomberg are exclusively based on operating earnings.)