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Insights

May 25, 2020
Small Growth passing baton to Small Value
J. Paulo Silva, CFA
Sr. Portfolio Manage

Small Growth passing baton to Small Value

Small value equities are valued -38% below their 10-year average, while growth, defensive, low volatility, and ESG factors exceed the bubble threshold of +30%. This dispersion has reached a 20-year high, in line with the dot-com bubble. However, bubbles can last a long time with infrequent reversion catalysts.

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