Discover how to find new value investment opportunities in Europe. Identifying undervalued stocks can be a source of long-term investment potential. Find out how our disciplined, contrarian approach seeks to harness this ‘value phenomenon’.
Why value now?
Potential for long run outperformance
Consistent value track record
Differentiated investment approach
In recent years, unloved stocks in the cheaper part of the market have been overlooked as many investors have been drawn to perceived higher quality and rapidly-growing stocks, particularly in the technology sector. This has resulted in a wide valuation gap between the cheapest and most expensive stocks in the market.
Today, we believe there are active returns to be generated from investing in low-valued, out of favour stocks, which are trading at depressed valuations due to investors’ increasingly short-term horizons and their perception of risk.
Another potential tailwind for value investing currently is the change in investment landscape: we believe that we have moved from a world of stability and zero-interest rates to an environment of increased volatility and unpredictability.
In our view, the combination of attractive valuations and a new changeable backdrop will create opportunities for patient, selective value investors to identify stocks that are caught up unfairly in dislocations.
“We believe the wide valuation dispersion in the market and changing investment regime offer exciting opportunities for disciplined value.”
Richard Halle
Fund Manager
The value and income from a fund's assets will go down as well as up. This will cause the value of your investment to fall as well as rise and you may get back less than you originally invested.
Discover more on our value strategies
Main risks associated with these strategies:
- The value and income from the funds' assets will go down as well as up. This will cause the value of your investment to fall as well as rise. There is no guarantee that the funds will achieve its objective and you may get back less than you originally invested.
- The funds can be exposed to different currencies. Movements in currency exchange rates may adversely affect the value of your investment.
- ESG information from third-party data providers may be incomplete, inaccurate or unavailable. There is a risk that the investment manager may incorrectly assess a security or issuer, resulting in the incorrect inclusion or exclusion of a security in the portfolio of the funds.
Please note, investing in these funds means acquiring units or shares in a fund, and not in a given underlying asset such as building or shares of a company, as these are only the underlying assets owned by the funds.
Further details of the risks that apply to these funds can be found in the funds' Prospectus.
Important information:
You can find our sustainability-related disclosures below:
Explanations of the investment terms used on this page can be found in the glossary.