Foot Locker Inc. is one of the companies included in Alpha Architect U.S. Quantitative Value ETF, which aims to invest in the cheapest high-quality stocks. REUTERS/Sarah SilbigerValue stocks appear to be staging a comeback after lagging growth names for more than a decade.
Marko Kolanovic, strategist at JPMorgan Chase & Co. in New York, is among the market watchers who say that a rotation into value stocks, which trade cheaply relative to profits or book value, has been under way since September and will continue through the first quarter of 2020. He describes it as a “once in a decade trade.”
For the three months ended Nov. 30, U.S. value-index exchange-traded funds have outpaced growth or momentum ETFs, which own companies that have above-average earnings and/or sales prospects.Although the jury is still out as to whether this trend will continue, at the very least, value ETFs can be a way to diversify growth-heavy portfolios. Conversely, investors can to turn value ETFs to make a tactical bet as value stocks have outpaced growth over multiple decades.
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