An inflection point was reached during the middle of 2016, as investors realised that interest rates simply could not fall any further.
We believe this was the catalyst for the outperformance of value strategies over quality growth, with the share prices of banks, materials companies and energy stocks leading the market since the second half of last year. This has been particularly evident in Europe.
Watch Rob Burnett, manager of the top performing Neptune European Opportunities Fund, discuss the outlook for value investing and where he is finding the most attractive companies and valuation anomalies.
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Neptune funds may have a high volatility rating and past performance and forecasts are not a guide to future performance. These are Neptune's views and as such this document is deemed to be impartial research. We do not undertake to advise you as to any change of Neptune's views. The value of an investment and any income from it can fall as well as rise as a result of market and currency fluctuations and your clients may not get back the original amount invested. References to specific securities or sectors are for illustration purposes only and should not be taken as a solicitation to buy or sell these securities. Neptune funds are not tied to replicating a benchmark and holdings can therefore vary from those in the index quoted. For this reason the comparison index should be used for reference only. Neptune does not give investment advice and only provides information on Neptune products. Please refer to the prospectuses for further details.
