| Quality Growth Since the burst of the speculative U.S. market bubble in March 2000, value themes have rebounded and became popular again. We are no longer in the “New Economy” of 1999-2000 but rather back to that more familiar period where fundamentals matter to investors. Seven years past the bubble, is Growth investing due a comeback ? The environment is looking better for growth, volatility in the market is picking up and investors are looking for new sources of return. We find that growth investing is indeed attractive in non-speculative environments and that a broader definition of growth that considers trends in fundamentals, profitability and efficiency can add value. |
