We’ve got a bit of a different episode for you today, which I think you’ll enjoy. A lot has been said about the change from growth investing to value investing.  

This shift has been easy to see in aggregate. In 2022, the MSCI world growth index was down 29.05%, compared to just -6.5% for the MSCI Value index.  

But why has this shift occurred?  What signals are investors watching. How should we interpret these signals, and what traps lie in weight to catch out investors?

To answer these questions and more, I’m joined by Dr Philipp Hofflin, Portfolio Manager on the Australian Equity Team at Lazard Asset Management.