Quants Score Gains With Value Strategy That Punished Popular Funds
2 min read
By most measures, it was a rough year for value investing. Long-only indexes tracking the buy-cheap credo suffered their second-worst performance on record versus their counterparts geared to growth.
Author of the article:
Published Dec 30, 2023 • 3 minute read
![ou1yxrf]c5zknn96{{gm1to}_media_dl_1.png](https://smartcdn.gprod.postmedia.digital/financialpost/wp-content/uploads/2023/12/value-stocks-are-still-cheap-relative-to-history-global-val.jpg?quality=90&strip=all&w=288&h=216&sig=PslGW5pfqcVh8fITGvZyBg)
Article content
(Bloomberg) — By most measures, it was a rough year for value investing. Long-only indexes tracking the buy-cheap credo suffered their second-worst performance on record versus their counterparts geared to growth.
The story of how a few sophisticated fund shops bucked the trend underscores the subtle dynamics beneath a blockbuster year for tech mega caps. Armed with the ability to go short, the firms won out thanks to sector and factor weightings that exposed them to a historic rebound in chips and internet shares. Also helping were gains in key markets outside the US.
Advertisement 2
Bloomberg News
2023-12-30 10:24:14
All news and articles are copyrighted to the respective authors and/or News Broadcasters. VIXC.Com is an independent Online News Aggregator
Read more from original source here…
