Franklin Templeton's Ball: Value can outperform until 2020

Franklin Templeton's Dylan Ball has predicted an equity market rotation to value stocks can continue for another six years at least.

The manager of the Templeton Growth fund has seen returns improve over the past two years as the value approach based on the investment principles of Sir John Templeton comes back into favour. Although the line between value investing and other styles is often seen as blurred, investors seeking out "unloved bargains" say they have begun to benefit in recent months. US value and growth indices are broadly in line over the past year, but Europe in particular has provided rich pickings for value funds of late. Ball (pictured) compared the current resurgence to those seen after the ear...