Value stocks still the best place for investors over next six to nine months but time for growth stocks getting nearer, says HSBC's chris rice
Value stocks will remain the best place for investors' money over the next six to nine months but the time for a return to growth companies is getting nearer. Chris Rice, head of European Equities at HSBC Asset Management, said value stocks have had a superb run. Since 1999, they have nearly doubled in relative terms against growth stocks. While this has followed a period of big underperformance relative to growth stocks during the technology boom, value shares have made up almost all of the lost ground, according to Rice. He said: 'P/E ratios on European growth stocks have historic...
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