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Has value vs growth become old economy vs new economy? – Citywire

Has value vs growth become old economy vs new economy? – Citywire

Has there been a structural change in economies and markets that means that old valuation methods are losing their relevance? In a recent Citywire Global CEO Summit, Baillie Gifford’s joint senior partner Andrew Telfer spoke about the ongoing relative under-performance of value versus growth. It was notable that this theme had persisted even through the market volatility of the first few months of this year. Article by Patrick Cairns with commentary by Gavin Wood – chief investment officer for Kagiso Asset Management.
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