GLOBAL MARKETS: Value investing’s grim run
29 October 2020 - 05:00
Value’s grim run
Value investing is suffering its worst run in at least two centuries as the pandemic compounds a decade of struggles for the strategy of buying cheap stocks in unfashionable industries. Research by fund manager Mikhail Samonov suggests the performance of value stocks — like banks — is the worst since 1826, the year former US presidents Thomas Jefferson and John Adams died...
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