Asset Allocator's Soapbox: Evan Cook on the search for value

In the current environment, being a value investor is like facing the M&S sandwich counter at 3pm – there’s not much left to choose from. With the selection seemingly limited to the investment equivalent of spam and egg, I look back fondly to a time when the value shelves were brimming. What would we give for the equivalent of Asian equities on 1x book now? But the reality is those opportunities are long gone, so unless we swallow our value principles and pay up, we’ll have to work a little harder for our lunch. But there are still choices. Perhaps the most obvious is large-cap, devel...