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M&G (Lux) European Strategic Value Fund - Did value just miss the cycle?


Investment styles go in and out of fashion, but ‘value investing’, which focuses on finding bargains among the cheapest stocks in the market, has remained unpopular for most of the past decade.

  • The value style has experienced a challenging time over the past decade, even as the eurozone economy recovered.
  • There are plenty of cheap stocks in Europe, but we worry that many are ‘value traps’ – cheap for a reason, particularly banks, telecoms and utilities.
  • Given the wide valuation gap between the cheapest and the most expensive stocks in the market, we think value stocks look attractive on a risk/reward basis.

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For Investment Professionals only. Not for onward distribution to any other type of client. No other persons should rely on the information contained on this website. Content should therefore be shared responsibly with other investment professionals. The value of investments will fluctuate, which will cause fund prices to fall as well as rise and you may not get back the original amount you invested.