- 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.
For further details see:
Value Equities: Pinpointing Sources Of Pent-Up Potential