Look beyond investment styles to find true value

A professional investor tells us where he’d put his money. This week: Tom Wildgoose of the Nomura Global High Conviction Fund highlights three favourites

A recurring theme in financial markets is the division between “growth” and “value”, two key styles of investing that are always pitted against each other. In recent years the growth style has outperformed value. Value funds have shrunk in size, while growth funds have topped the performance charts.

However, there is more to this story than the two styles, and the crucial point is that the type of investing deemed value has come to be defined in an overly rigid and ultimately unhelpful way. We consider ourselves value investors and we have managed to outperform while the value style has underperformed.

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