Jay Feeney, chief investment officer at Boston Partners, explores value investing and questions about the persistence of the value premium. According to Jay, when value is out of favor, that’s not the time to lose your conviction in the investing style’s future potential. While the severity of value’s underperformance relative to growth has repeatedly challenged investor expectations in recent years, today’s extreme spreads in valuation between growth and value stocks suggest a rising probability of mean reversion.
