Equity markets had a tough time in 2018. Value stocks were particularly hard hit and the style saw one of the longest periods of underperformance relative to growth in recent years.
While value has fallen out of favour over different periods, 2018 stood out for the abnormal and overblown way value stocks were punished when global equities stumbled. An analysis of the market showed...
Equities overweight down to 3%
Relates to 136 million transaction reports
Patience must be a watchword
MSCI has recently increased the Chinese A-share market's inclusion factor from 5% to 20%.
Change of objective