When I looked at the performance of the Value Rank at the end of last year, there was some good news. Unlike in 2022, the cheapest decile of stocks had beaten the FTSE All-Share in 2023. However, in 2024, the top-ranked Value shares have just kept pace with the broader indices:
The reality is that it has been another year of struggling small caps, particularly those listed on AIM:
Because the Value Rank deciles are equal-weighed, they tend to underperform market-cap-weighted indices during periods when the largest companies outperform. Читать дальше...