Value or growth? 'Too much debt' likely to cause transitory environment

Over the past decade, high-quality growth stocks have significantly outperformed their value counterparts following years of accommodative monetary policy. Data from FE fundinfo shows the MSCI ACWI Growth index has returned 310% over the last ten years to time of writing (17 January 2022), compared to the value index's gains of 160.2%. While a market rotation out of growth and into value stocks reared its head at the beginning of 2021, following the roll-out of Covid vaccination programmes globally, it proved fleeting, with growth indices returning to pole position within a few weeks.  ...