Salient to Investors:
Brian Frank at Frank Capital Partners writes:
- Value stocks are driven more by actual cash-flows than by optimistic future projections, and therefore are less prone to deeply disappointing investors with “lower-than-expected” forecasts.
- Growth and momentum stocks drove 2012 stock market performance and have probably come too far too fast, while value stocks are ready to pop.
- Stock investors are increasingly using ETFs to index client money at low rates, taking money away from mutual funds that are “closet indexers” and creating a great opportunity in value stocks due to a lack of stock-picking.
Read the full article at http://www.investmentnews.com/article/20121218/BLOG09/121219972?issuedate=20121218&sid=INTEL&utm_source=marketintel-20121218&utm_medium=in-newsletter&utm_campaign=investmentnews&utm_term=text.
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