SPDW - Value Investors: If You Want Real Discounts Look Abroad
(Source: Pexels/Suzy Hazelwood)
In general, value investing has performed poorly over the past ten years compared to most bull markets. This is even truer abroad, as most international equities indices are still below their 2008 peak. Of course, value investing, and specifically international value investing, dominated the market from 2000 to 2008, delivering double-digit returns every year, so a decade of underperformance is understandable.
To make matters worse investors, the U.S. dollar is historically high and has been a hindrance to unhedged international investors. The U.S. dollar's strength is the primary reason emerging markets