Europe Market Report - The Recent Value Conundrum - April 2012
Apr 30, 2012
According to popular index-based measures, value stocks have tended to underperform growth stocks since 2010. Alternative measures of the value effect have shown different return profiles. In this report, we compare these different measures while touching on the practical issues of value investing, illustrating how unintended biases in a portfolio designed to capture the value effect could strongly influence its performance.