Will the dominance of growth continue in the second half of 2016?

Value still performs important role

Though market dislocations have boosted the appeal of growth investing in recent years, T. Rowe Price's Jeff Rottinghaus argues value investing still plays an important role, particularly as value companies accounted for more than 20% of the best-performing stocks in the US market last year.

The age-old growth versus value debate among investors has reignited in 2016 following multi-year outperformance of growth investing. Historically, long-term value investors have achieved superior returns to growth investors - with lower overall risk. However, this knowledge would have served investors poorly over the past decade, as growth-oriented stocks have outperformed value-focused counterparts by some margin. According to figures from FE, the MSCI World Growth index has returned 33% in the three years to 10 June 2016, far outpacing the MSCI World Value index, which has returned...