Value stocks may finally be on the verge of waking up. Growth stocks have consistently outperformed in the 12 years since the Great Financial Crisis, but the recent positive vaccine news and renewed hopes of fiscal stimulus could spark a sustained revival in the fortunes of value sectors. In this week’s podcast, Robert Davis, senior portfolio manager European equities, explores the deeper theoretical drivers behind this potential shift and explains why it all comes down to fiscal policy action. “Value isn’t dead, but it certainly has been in quite a deep sleep.”