Value Investing Shines in the Growth Market

GMO says “the cheap half” of the Russell 1000 Growth Index has beat the Russell 1000 Value Index for 40 years.

12.5%

Cheap Half of Russell 1000 Growth

11.0%

Russell 1000 Growth

11.7%

Russell 1000 Value

12.5%

Cheap Half of Russell 1000 Growth

Annualized Returns, 1978-2018