FYI: Many investors are familiar with the "value premium," a term that defines the history of superior performance by the least expensive corners of the stock market. Since 1927, U.S. large-cap value stocks have returned an average of 11.1 percent a year, while growth stocks have returned only 9.4 percent, according to data by economists Eugene Fama and Kenneth French. Among small-cap-value stocks, the average returns of 14 percent a year represent an even greater premium over the 9.2 percent return for growth
Regards,
Ted
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