Technology and growth have massively outperformed value over the last few years. This has been a trend that's been particularly exacerbated during the pandemic and its aftermath, with growth businesses continuing to outperform value.
Poor investment returns have come from businesses that have been forced to shut down or those that have experienced a temporary decline in demand due to consumer fears associated with in person service consumption. This has impacted in store commerce as well as more traditional industries such as automotive, industrial manufacturing and commercial property.
In comparison the more rapidly growing businesses