8 min read 14 Apr 21
Cheap ‘value’ stocks have outperformed the US market since 1 September 2020, having underperformed for the previous decade. This change in sentiment towards the value style has been driven, in our view, by several factors including positive coronavirus vaccine news, optimism about a global economic recovery and rising government bond yields.
The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.