Cheap stocks have been underperforming for the last 18 months, while expensive stocks are overperforming. In fact, current value performance parallels the Tech Bubble and Global Financial Crisis (GFC). This comes as a surprise to many. QMA’s latest research sheds light on this extraordinary environment.
Gavin Smith, PhD, Portfolio Manager on the Quantitative Equity team examines the possibility of a fundamental x-factor driving the price movements of growth stocks.
Cheap stocks have been underperforming for the last 18 months, while expensive stocks are overperforming. In fact, current value performance parallels the Tech Bubble and Global Financial Crisis (GFC). This comes as a surprise to many. QMA’s latest research sheds light on this extraordinary environment.
Gavin Smith, PhD, Portfolio Manager on the Quantitative Equity team examines the possibility of a fundamental x-factor driving the price movements of growth stocks.