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Value Investor Insight: Alternative Alternative

"After a long run in stocks and with rising interest rates, you need another answer to diversify. This is a good one."


Latest News & Insights

  • Market Rout May Spur Rotation from Growth to Value
    October 11, 2018 [Market Insights, Charles Roth]
    Even before the market selloff, downtrodden value stocks were perking up as pricey growth stocks stumbled. But durable index-level shifts are harder to call than individual stock price disconnects from business fundamentals.
  • Who’s Afraid of an Emerging Markets Meltdown?
    September 24, 2018 [Emerging Views, Kelly Johnson]
    Deep declines are usually followed by rebounds that leave emerging market stocks with gains by year end, as the structural tailwinds are driven by steadily expanding middle classes. Meaningful, consistent exposures to the asset class are key to capitalizing on the long-run double-digit returns.
  • Beware High Yield’s Siren Song
    September 17, 2018 [Market Insights, Charles Roth]
    High-yield returns have been great lately, as technical flows, fundamental factors and good economic growth align. But tight spreads, lofty net leverage and event risk don’t make for smooth sailing ahead.
  • The Efficiency Factor in Stock vs. Index Picking
    August 28, 2018 [Market Insights, Charles Roth
    If the efficient markets hypothesis is questionable at the stock level, it’s more so at the index level. As the number of indices skyrockets, the number of companies declines, and passive flows grow, active price discovery becomes more and more valuable.