JIG - Value Equities: Pinpointing Sources Of Pent-Up Potential

• After value stocks underperformed in the second quarter, some investors wonder whether the value recovery has run its course.
• We don't think so, as three big trends that fostered a historic run-up in growth stock multiples over several years have only just begun to unwind.
• Signs of confidence in the economic recovery, a further reassessment of revenue growth and another move up in interest rates should continue to unleash more pent-up return potential in value stocks that we believe is long overdue.

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