By Nicholas Vardy Last week, value investors enjoyed a brief moment in the sun.
As news of a COVID-19 vaccine broke, “old economy” value stocks like airlines, banks and oil firms soared.
Value investing was back. And that was a welcome change.
After all, value stocks have had a decade from hell.
Just compare the return of the iShares Russell Top 200 Value ETF (NYSE: IWX) with that of the iShares Russell Top 200 Growth ETF (NYSE: IWY).
Growth stocks have trounced value stocks by more than 3 to 1 over the past 10 years.
What’s worse, growth stocks’ outperformance only accelerated after the onset of the global pandemic.
Professional …read more
