Style Research Blog
Monthly Style Summary to End April 2013
Developed equity markets made healthy gains over the month. Returns were broadly based across sectors, with very few pockets of underperformance. Japan (continuing its bull run), and Emerging (treading water), received support from Small Growth stocks. Elsewhere, companies with high Dividend Yield remained strong despite stretched valuations. The US provided opportunities for both Value and Growth investors, particularly within sectors.
Monthly Style Summary to End March 2013
Despite gains during early March, most major markets and regions fell back later in the month as recurring concerns within the Eurozone appeared, again, to unnerve investors. High Beta securities fell most sharply in virtually all markets and, with only one exception (the US), Value stocks have underperformed while stocks with genuine Growth characteristics have, once again, gained.