‘We scaled back top-down cyclical risk in our model portfolio during Q2’ says NNIP’s Moonen
Details of the Biden administration’s broadly defined ‘infrastructure’ packages will be crucial
Economies and stock markets have generally been more resilient than expected in the face of repeated lockdowns
‘In our opinion, the diversification benefit of allocating to value is reason enough to consider it in your portfolio’
‘Seemingly infinite central bank liquidity is supporting the optimistic and risk-on sentiment’ says one portfolio manager
Apple, Amazon and Microsoft appear in the top 10 stocks for three different factors
What the recent outperformance of value stocks in the wider economic context means
European fund selectors expressed a preference towards growth emerging market funds over value during the last six months. However, Europe’s top performing funds allocated a greater weighting towards value stocks during the period.
European small cap growth funds have outperformed rival fund categories over the last three years, and Finnish and Swedish fund selectors have led the pack in cashing in.
Growth funds have walloped their value counterparts consistently for the last decade. But with the prospect of rising interest rates on the horizon and supportive global growth, can the investment style make a comeback in the new year?