Will Value Ever Make a Comeback?
Value stocks have lost their luster over the past decade for several reasons, but value investing as a concept is certainly not dead.
Value stocks – those that are considered cheap relative to fundamentals – have performed especially poorly this year, lagging both market cap indices and other major equity styles by a large margin. Using the MSCI World as the parent index, value stocks have underperformed the market cap index by around 10% since the start of the year and have underperformed growth stocks by almost 20% (to June 5th).
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