Friday, 12 Jun 2020 05:19 PM MYT
Value stocks, which typically sport lower price-to-earnings valuations, tended to underperform growth stocks during the bull market that ran for more than a decade and ended this year. The coronavirus pandemic “reset the economy back to a recession, and now you’re in a brand new economic cycle. That typically favours value names,” said Ernesto Ramos, head of equities at BMO Global Asset Management.
“We think they will provide leadership here as the market starts to shift from a risk-off position to more of a risk-on,” he said.
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