Being a value investor during the longest equity bull market on record has been a brutal undertaking. Amplified by extraordinary monetary stimulus from central banks, growth-driven glamour stocks have flourished over the past decade. Meanwhile, digital transformation has caused some cheap stocks in certain industries to become ‘falling knives’ in terminal decline.
Pictet’s Global Defensive Equities managers believe that because value is hard to find, it is more valuable than ever.
In this webinar, they explain why a more multi-faceted understanding of value should be the cornerstone of a more defensive equities approach. In particular, they will explore:
• Why they believe that growth and risk are often mispriced in equity markets due to behavioural biases
• How their proprietary ‘4P’ dynamic framework aims to exploit this market anomaly by identifying mispriced securities
• Why they believe that quant augmented by fundamental judgment results in more robust and efficient portfolio management
Presented by:
• Laurent Nguyen, Head of Global Defensive Equities, Pictet Asset Management
• Gabriele Susinno, Senior Client Portfolio Manager, Pictet Asset Management
Moderator:
• Brendan Maton, IPE