I'm curious how you define value and growth stocks, is it the same way as Fama/French with book to market, or some other metric?

Thanks for your question Patrick. In terms of growth we are referring to more traditional measures of “momentum growth”. We prefer to focus on measures of Value and Quality. Quality investing aims to offer investors a more stable form of growth investing and a far more consistent return profile than traditional growth managers. We focus on identifying companies that are profitable, offer stable growth and are financially strong while avoiding ‘glamour’ or thematic stocks which we believe carry a higher risk of disappointment. Value investing is a style of investing which focuses on companies whose shares appear under-priced; these may include shares that are trading at, for example, high dividend yields or low price-to-earning or price-to-book ratios. Our measure of Value is much more broadly based (30+ value measures) than a single measure. (I’ve included our broad definitions in the attached image on the original post.)

Thanks for the response Oliver