RT Journal Article
SR Electronic
T1 Comparative Performance of Value and Growth Stock Indexes
JF The Journal of Wealth Management
FD Institutional Investor Journals
SP 51
OP 61
DO 10.3905/jwm.2007.674807
VO 9
IS 4
A1 Jayen B. Patel
A1 R. Bruce Swensen
YR 2007
UL https://pm-research.com/content/9/4/51.abstract
AB The authors demonstrate that a growth stock index generated higher returns than a value stock index when the overall stock market performed well. Alternately, the value stock index generated higher returns than the growth stock index when the overall stock market performed poorly. This article provides compelling evidence that the value premium is inversely related to the performance of the overall stock market. The authors believe that this simple relationship will help investors better understand the comparative performance of the two investment styles.TOPICS: Style investing, exchange-traded funds and applications, long-term/retirement investing