Stocktake: Beaten down UK stocks are the 'trade of the decade'
Rob Arnott points to the UK’s successful vaccination programme as grounds for optimism
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Rob Arnott points to the UK’s successful vaccination programme as grounds for optimism
The outperformance came amid one of the strongest rotations ever into value stocks, according to Bank of America.
With the Brexit trade deal finally done and the vaccination rollout continuing at a rapid pace, U.K. value stocks could be “the trade of the decade," according to Research Affiliates.
Electric car companies have been valued in the billions despite having no profits or even revenues
Value stocks have gained steam in recent months as an economic recovery sits in sight. Rob Arnott says value stocks in the UK and emerging markets are the most attractive. The founder of Research Affiliates called them potentially the "trades of the decade." In 2019 and 2020, the COVID-19 pandemic sunk stock prices around the world as the global economy shut down. Anticipatory — and brave — investors seized opportunities in cyclical and cheaper value stocks as recessions and bear markets briefly took hold. These became consensus trades, however, since multiple effective vaccines were ...