The Big Theme 

Mind the market shift by paying attention to style drift

Mind the market shift by paying attention to style drift

Equity markets have had a fruitful decade, but the biggest gains have often eluded value investors, who try to invest in stocks that appear to be trading for less than their intrinsic or book value. Digital innovation has seen growth names such as technology companies flourish, while defensive sectors such as utilities and consumer staples have remained popular among nervous investors. By contrast, classic value stocks such as banks and energy companies have fallen behind, thanks to factors such as sluggish economic growth and historically low interest rates.

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