Advantage Active: Value Lies in the Eye of the Beholder….And the Index Provider?
The recent reconstitution of the popular value benchmark index resulted in the inclusion of “non-value” companies—and created even more opportunity for active managers to add alpha.
How index providers and active managers classify value varies greatly—resulting in dramatically different results. Given the recent value index reconstitution, it’s more important than ever to know what “value” stocks you’re invested in to ensure your portfolio is positioned for maximum return potential.
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