Value investing’s not dead yet

Money Week | Jun 25, 2019 at 1:33 PM
  • Rumours of the demise of value investing have been exaggerated.
  • To be clear, these factors will not always beat the market over any given time period – but looking at historical data over the long run, they have generated superior returns in many different markets across the globe.
  • One problem with the race to find new factors for smart beta to exploit is the risk of data mining – if you look hard enough at historical data, you can find apparently meaningful patterns that are in fact simply statistical flukes.