In the US - the largest contributor to global equity markets - shares have risen more than 20% since hitting a trough in mid-October 20221 - and have roughly doubled in value since their pandemic-induced low of March 20202. The extent and pace of the gains are enough to make wary investors wonder: what will drive future performance in the US stock market? Vanguard research suggests opportunity in value shares—marked by lower prices in relation to their enterprise book or accounting values, lower expected and historical growth rates and relatively high dividend yields. We've been here...
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes.