• Goldman Sachs says value investing can still be done but there's a catch

    4 monthes ago - By ETF Daily News

    From Yun Li : For some, value investing has been left for dead after years of underperformance. However, Goldman Sachs says there's still life left in the classic factor strategy, especially with the Fed set to cut rates again.
    Goldman says the stage is set for value stocks to come back in favor: The valuation gap between expensive and cheap stocks is now the widest in nine years, which has historically foreshadowed strong performance for value names, according to Goldman's chief U.S. equity strategist, David Kostin.
    “A wide distribution of price-to-earnings multiples has historically...
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  • Is value investing a thing of the past?

    Is value investing a thing of the past?

    4 monthes ago - By ETF Daily News

    From Yun Li : Value investing might have lost its value.
    The classic factor investing strategy of picking stocks with cheap book valuation, embraced by the legendary Warren Buffett , has become increasingly irrelevant thanks to central banks and technology, according to AB Bernstein.
    The long period of low interest rates is the first to blame for the demise of value investing, Bernstein said. The Federal Reserve started its quantitative easing program to salvage the economy from the 2008 recession. But at the same time, an easier monetary policy lifted valuations across the board, leaving...
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