Many in the market have been turned off growth stocks but in a low-inflation environment, they offer one of the only ways of generating meaningful capital returns
For many equity investors, growth investing has become something of a dirty phrase in recent years. This is perhaps understandable given the amount of wealth that was vaporised during the equity bear market that began in March 2000. Since then, bonds and property have been the ascendant asset classes, and despite a strong rally in most 'growth' sectors last year, many share prices remain significantly below the level seen at the peak of the bull market in late December 1999. Fears of further terrorist attacks, and the seeming inability of the US economy to create any private sector jobs...
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