VALUE INVESTING UNDERPERFORMING IN 2017
“Value investing is mired in one of its worst stretches on record, prompting concerns that the investment style favoured by generations of fund managers is losing its effectiveness...
Value fund managers have felt the pinch. The median value fund around the world lagged behind the median growth fund by 7 percentage points in the first half of the year, on pace for the worst underperformance since 2007, according to eVestment.” – WSJ 6 August 2017
VALUE INVESTING CURRENTLY OUT OF FAVOUR
“Investors have pulled $116 billion from U.S. large-cap value funds over the past 10 years, according to Morningstar, with more than one-fourth of that outflow occurring over the past 12 months.” – WSJ – 6 August 2017