Value investing now back in favour – will this continue?
During the 2016 December quarter, we witnessed the value style stage a partial recovery after having underperformed for at least two years or so. And then in the recent reporting season, the market started to adjust its earnings expectations to reflect the emerging signs of economic growth. Is this as good as it gets? Or will value continue to outperform after its initial recovery, after having being in the wilderness for some time?
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