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Keyword: value investing

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What’s the value of Bitcoin? Or better, what makes it valuable? Is it because many people think it’s valuable? Is it valuable because it’s cool and we expect other people, especially those in the online community, to believe it’s valuable? Does the dynamics of investor demand matter as much as fundamentals? In a recent paper, […]

It’s a chaotic time for institutional investors. Between rising inflation and interest rates, war in Europe and an ongoing global pandemic, stock market volatility is on the rise. For those concerned about the long-term implications of these developments, here are my answers to a couple of common questions. Stock markets have risen in past interest […]

A new textbook on value investing is aiming to combat the academic community’s premature dismissal of the subject, says author George Athanassakos, professor of finance and the Ben Graham chair in value investing at Western University’s Ivey School of Business. “There are plenty of books on value investing — but not academic books. I decided […]

Between mixed signals about inflation, signs of structural weakness in China’s over-leveraged real estate sector and September’s low returns on global equities, institutional investors have just been through a volatile quarter. And the fourth quarter is likely to be filled with hidden hazards, both known unknowns and unknown unknowns. Most portfolio managers will try to […]

  • October 14, 2021 October 14, 2021
  • 13:15
Vaccine news a shot in the arm for value investing

Now is the time for institutional investors to buy value, small cap and cyclical stocks and hold steady while the economy builds back, says Bill Callahan, an investment strategist at Schroders. Indeed, energy and financial sector stocks saw gains Monday as investors are rotating from growth and large cap stocks after Moderna Inc. released data […]

Is value investing still relevant in a volatile market?

Back in December 2018, I wrote an article asking whether it was a good time for pension plan sponsors to revisit value investing. At that time, public equity markets were having a difficult quarter and traditional value strategies didn’t perform as well as expected, failing to provide the much-touted protection in down equity markets. Flash forward to […]

  • October 6, 2020 December 6, 2020
  • 08:45
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With a rough 2020 year-to-date, value investing’s recent poor performance follows over a decade of underperformance, leaving many to ask if it’s still relevant, according to a new white paper by Mercer. Between 1927 and 2008, the average annual value premium was 5.5 per cent, but since then results have been lacklustre. In the 2010s, […]

  • By: Staff
  • July 23, 2020 December 6, 2020
  • 08:08
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A value approach to investing has yielded great benefits in the past. Though there are often semantics around what constitutes value investing, it can be described as buying securities that are cheap using some metric in hope of outperformance. Beyond value, investment managers may also choose to work in the small-cap space, buying companies below […]

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Stock picking with the right process and the right temperament works. And, contrary to popular claims, value investing is not dead. Those who claim it is dead, substantiate this by providing evidence that picking cheap stocks, meaning stocks with low price-to-earnings or price-to-book ratios, has been ineffective since the onset of the great recession. What […]

When it comes to emerging markets equities, it’s important to look for compounders that will create value over time, says Andrew Miller, chief investment officer for emerging markets equities at Mondrian Investment Partners Ltd. “Obviously, all of us that operate in the stock market and invest in the stock market, whether you’re a fund manager […]