PA Expert Insight: The need to differentiate between value and Value

Growth stocks have done rather well in relative terms in recent years, while many of the traditional value sectors have been hit hard, leading asset allocators to question whether or not rotation is in order.

As one of the managers quizzed at Portfolio Adviser’s recent UK Equity event said: “A lot of the growth stocks are on 15 year relative highs and the market has been desperate to look for alternatives.” And, he added, this is a pretty significant trade that is likely to progress as the year continues. 

The consensus seems to be there is indeed value to be found, but not all of it is equal. 

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