The meteoric rise of the S&P 500 since the Great Financial Crisis has dominated financial headlines and sparked a provocative question among investors: Is value investing dead. The spectacular performance of growth stocks, particularly mega-cap technology companies, has led many to write the obituary for value strategies. But as Mark Twain might have said, reports of value's death have been greatly exaggerated.
But as Mark Twain might have said, reports of value's death have been greatly exaggerated. The Global Value Story Tells a Different TaleIf the underperformance of value stocks in the U. truly signaled the end of the value premium, we should observe similar patterns across global markets.
truly signaled the end of the value premium, we should observe similar patterns across global markets. The international evidence, however, paints a strikingly different picture.