Emerging markets - where are the momentum managers?

Value managers suffer over last 10 years

clock • 4 min read
Tom Baird of Redington
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Tom Baird of Redington

At Redington, we like to view markets and managers through a style lens: we know there are a few tried-and-tested investment styles that have worked over the long term.

To put it simply, we believe managers who base their investment philosophies on these styles have a higher probability of success. Broadly, these styles can be categorised as follows: Quality: buying companies with strong competitive advantages, thus exploiting investors' short-termism and failure to appreciate the long-term returns these companies can offer. Value: buying companies that are cheap relative to their fundamentals, thus exploiting investors' overreaction to concerns. Momentum: buying companies whose earnings are increasing at an accelerating rate, thus exploiting inve...

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