The economic growth bubble deflated and the value anomaly died with the GFC. A new economic framework then emerged which can be defined as a low growth, low inflation, internet-enabled, disrupted world. Incumbent investment frameworks such as Value, Shorting, Passive and Index Aware strategies are failing. In a whole new world, markets will be driven higher by a narrow number of emerging structural growth companies. In this new environment, most stocks and funds will not produce attractive returns and dispersion will increase. Going forward, successful investors will need to be extremely selective when allocating capital. - Mark Arnold & Jason Orthman, Hyperion Asset Management. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum