It’s tough being a value investor these days. Beyond the general equity market decline, value has underperformed the broad developed equity market by nearly 6% in the first quarter.
There is an old age adage in the investment world that ‘diversification is always having to say you are sorry’, as there is usually one part (or more) of a portfolio that does not perform as expected. Every asset class has its day in the spotlight, for good or for bad.
Josh Matthews, Co-founder & Managing Partner features in the Spears article 'Don’t panic – wealth managers react to Covid-19'.