The end of this week will also mark the end of Q1 2021 – which has been unusual for a whole host of reasons, not least because we have been navigating our way out of a global pandemic and the sharpest economic downturn seen in decades.
But for the first time in almost seven years, investors have experienced two consecutive financial quarters where the MSCI ACWI IMI Value index has outperformed its growth counterpart, having gained 11.4% and 7.1% to time of writing (25 March) respectively over Q4 2020 and Q1 2021 compared to the MSCI ACWI Growth's gain of 7% and loss of 1.2% over the same time frames, according to data from FE fundinfo. Meanwhile, the latest Bank of America Global Research European Fund Manager Survey found that 52% of global investors expect value to outperform growth over the 12 months after March 202...
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