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A key factor that determines the relative performance of value stocks is interest rates, argues Burnett. Value has underperformed in recent years because of declining interest rates, he says. As interest rates have now bottomed, now is the time for value stocks to shine.
“Today we have a myriad of opportunities in value in Europe and a stable interest rate outlook, so the situation looks very promising for value in Europe today,” says Burnett.
The continent has a number of companies with ‘strong potential, solid foundations, quality management, and attractive pricing’
DAX has fallen 0.83% over the past five days
Dominik Schubert is joining the firm from Goldman Sachs Bank Europe
Sub-fund of Ashmore SICAV UCITS fund
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Aims to revolutionise access to private markets for wealth clients
