Equity style and strategic investment policy

June 6, 2019

This paper seeks to determine if investors will benefit from a strategic emphasis on value or growth stocks.

It defines value and growth stocks and considers reasons why value or growth stocks have periodically outperformed in the past. The paper suggests that value will continue to outperform growth over the long term and that a modest strategic emphasis of value stocks will be beneficial for institutional investors, though current market conditions should be considered.