James Klempster: Are we waiting for a value fightback?

clock • 5 min read

With growth companies on 4% outperformance per year since 2014, James Klempster looks at how value companies are fighting back...

The relative performance of ‘value' companies over ‘growth' companies has become a hot topic. The outperformance of growth companies has been extreme with a 4% per year outperformance of growth versus value since 2014. This has left valuations of many of the fastest-growing companies looking stretched. Value has made something of a fightback since September, but it is early days to call a revival.  Since the global financial crisis, a number of factors - notably inherent caution and low interest rates - have conspired to push investors to seek out companies that offer very high and visib...

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