The return of value investing is something that I have talked about a lot in 2019, writes Darius McDermott, but as we enter the final couple of months of the year he asks if investors could finally be seeing the rally that so many have been waiting for …
In terms of performance, value investing has only had a couple of brief runs in the past decade - the last of which was in the second half of 2016 - and with central banks abandoning plans to tighten monetary policy earlier this year it seemed unlikely we would see a rally any time soon. But out of nowhere we have seen a bit of a shift towards value in the past couple of months, particularly in the UK, where the MSCI UK Value Index has risen 5.02% since the beginning of September, while MSCI UK Growth has fallen 3.62%. Finding a reason for the short bounce is not easy, other than the ...
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