Growth Stocks Are Trumping Value Once Again

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The run in shares of fast-growing companies is a reversal from last year, when cheap stocks enjoyed a rare stretch in the spotlight

, but some investors say they don’t have much more room to run.

The Russell 3000 Growth Index has climbed 10% this year, outpacing the Russell 3000 Value’s 4.5% advance. The rally marks a sharp reversal from last year when , or those that trade at low multiples of their book value, or net worth, stood out in a down market.

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