Just as in the world of fashion, styles come and go in markets. But, since the financial crisis, one investing style has reigned supreme: growth. It has soundly eclipsed value investing.
Since equities crawled off the canvas in 2009, an environment of low global interest rates and lacklustre economic growth has led investors to own fast-growing companies.
There has been no better hunting ground than tech. In sharp contrast, those fund managers scouring the beaten down ranks of cheap shares in the hope of them bouncing have lagged well behind.
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