Pensions & Investments – August 10, 2020 – By Sophie Baker
Institutional investors and money managers are looking to add value stocks back into portfolios to bring more balance and counter overweights to growth exposures.
Market participants had expected value to follow history — outperforming in a recovery. But in the recent bounce back from the coronavirus-induced depths of March, value continued to underperform. Returns looked better than previous months, at 12.85% for the three months through June 30, but
global stocks gained 19.54% and growth stocks gained 25.64%.