ARZGF - The European Value Portfolio - Introducing Our Portfolio
2019: Shift to Value?
While in the last 10 years ETF and Indexing (passive investing) have led to great returns, pessimism and recession can change the game.
When the stock market goes straight up the case is very compelling for passive investing. Instead when the market is choppy, (which means the next bear market is going to happen sooner, rather than later), the case for active management is very strong.
We noticed that the difference between cheap and expensive has widened significantly.
Value stocks have radically underperformed since the financial crisis, as investors have flooded