More Than Just a Rotation: A New Era for Value

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Moderator: Caleb Fritz Panelists: John Linehan, Sebastien Mallet, and Sebastien Page

About this talk

Value stocks have outperformed growth stocks since the fourth quarter of 2020, as economic activity resumed amid the rollout of vaccines targeting the novel coronavirus. After a decade-plus of dominance for growth equities, many institutional investors were structurally underweight value, causing some to miss the recent rally. With the tactical “reopening” trade potentially behind us, we believe investors should consider the merits of a long-term allocation to value stocks to potentially benefit from improved returns, enhanced diversification, and exposure to future changes in style leadership. Some of our firm’s most experienced investors share key fundamental and asset allocation considerations on the recent style rotation and what they believe may come next.

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