Value stocks continue their strong run following the correction in technology stocks in March. Mick ...
Value stocks continue their strong run following the correction in technology stocks in March. Mick Brewis, head of US department at Baillie Gifford, says: "To some extent it is an inverse of the correction of the highly valued technology stocks. Value stocks are seen as a safe haven." James McLellan, director, US equities, at Clerical Medical, agrees: "The S&P 500 has been quite flat this quarter, it has gone down 0.5% in US dollar terms but value sectors have performed well." He points out that such traditionally defensive sectors as consumer staples, basic materials and transport have...
To continue reading this article...
Join Professional Adviser for free
- 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