As many a fund manager will know, one of the most regular questions asked of them is whether they would classify themselves as a ‘growth’ or a ‘value’ investor.
We believe this overlooks a third style. This elite group encompasses both holdings which may be classified at times ‘value' but more often ‘growth', namely ‘quality'. Too often ‘quality' is mistakenly thought of as synonymous with ‘growth'. Recession looms over markets in 2023 Being able to identify a quality company can lead to remarkably different returns versus the global stock market over time. Annualised factor outperformance over time There have been many attempts to define what exactly constitutes a quality company over the years, from Fama & French to Benjamin Grah...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
