PRESS ROOM
Growth catches up with value
Friday 13th August '21
Looking at year to date performance, growth stocks caught up with value in July closing the gap between the two factors that had opened in the first quarter. Favourable economic data, encouraging second quarter earnings, steadily easing Covid restrictions in many parts of the world, and signs of pent-up demand among businesses and consumers are all offering broad support to equities across factors and sectors. This reinforces the view that growth and value can coexist amid a favourable macro backdrop for equities.