Rewriting the rules after growth’s golden decade
Prior to the credit crunch, there was a general consensus that over the long-term value trumped growth as an investment style. However, for more than a decade growth investors have enjoyed vastly superior returns to value investors. From the rise of big tech and opportunities in frontier market investments to unprecedented monetary conditions, what are the forces that have shaped growth’s golden decade and will the winning streak continue? Has the time come to rewrite the rules?