Value stocks are providing investors some shelter from the storm sweeping markets, as portfolio managers seek out bargains and dump high-flying companies that have been in vogue since the wake of the financial crisis.
The MSCI World value index has fallen around 7 per cent in 2022 on a total return basis, far better than the 25 per cent tumble for the index provider’s growth index.
The strong relative returns have meant that an investment strategy in which traders purchase shares in global companies that are cheap compared with metrics like book value and profits, and bet against groups that are expensive, has generated returns of almost 30 per cent so far this year, according to Bloomberg data.
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