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  "notes": "The chart uses a box-plot style to show valuation ranges since 1990, with current values marked by diamonds.",
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      "kind": "disclaimer",
      "text": "Source: IBES, MSCI, Refinitiv Datastream, S&P Global, J.P. Morgan Asset Management. Forward P/E ratio is price to 12-month forward earnings. MSCI indices are used for all regions/countries (due to data availability), except for the US, which is represented by the S&P 500. Range and average for China is since 1996, due to data availability. Past performance is not a reliable indicator of current and future results. Guide to the Markets - UK. Data as of 31 May 2023.",
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