Friday Morning Coffee Nr. 47: Partly missing in action

070319 Friday Morning Coffee

Friday Morning Coffee Nr. 47: Partly missing in action

One of our key convictions at ECP is that value as an investment style will make a comeback over the coming 12 to 18 months after 10 years of underperformance since the financial crisis. Our reasoning is based on the belief that, as central banks start to progressively normalize their monetary policies and interest rates increase, value stocks start to look much more attractive relative to the long duration growth stocks that generate most of their cashflows in a distant future.