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Mind the value traps: beware the illusion of value

Investors picking between value and growth styles are choosing different ways to lose money. 

  • Michael Ulrich
17 Dec 2019
View PDF   Download PDF  
View PDF   Download PDF  
  • We have believed for some time that many growth stocks are expensive.
  • However, in our view, the stocks in the MSCI UK Value bucket present an equally good way to lose money.
  • In this paper, we explain the nature of the value traps and how we are sidestepping them, whilst also avoiding overpriced growth.
     

Disclaimer

Past performance is no guarantee of future performance. The value of investments and the income from them may go down as well as up and you may not get back your original investment. The information contained herein including any expression of opinion is for information purposes only and is given on the understanding that it is not a recommendation. 

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