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The Worse Value Stocks Perform, The More Rob Arnott Likes Them

TedTed
in Fund Discussions
FYI: Value stocks have been frustrating fans for a decade, testing their patience with year after year of subpar returns. But Rob Arnott says now is exactly the wrong time to bail on them.

In research published Wednesday, the Research Affiliates co-founder reiterates the case against quitting before the miracle. The 13-page paper, “Standing Alone Against the Crowd: Abandon Value? Now?!?” examines how the cheap-stock strategy has behaved over time, particularly after periods following severe underperformance. Arnott has stood by the strategy through years of struggle, and isn’t changing his stance now.
Regards,
Ted
https://www.bloomberg.com//news/articles/2019-11-20/the-worse-value-stocks-perform-the-more-rob-arnott-likes-them?srnd=markets-vp

Research Affiliates Research Paper:
https://www.researchaffiliates.com/en_us/publications/articles/766-standing-alone-against-the-crowd.html

Comments

  • catch22catch22
    Anyone here or whom you know made any profits of consequence over whatever time frame from any Research Affiliates managed funds?
    Thank you.
    Catch
  • TedTed
    @MFO Members: For your information, I have linked AQR's Fund returns. It appears from the data that someone has !
    Regards,
    Ted
    https://funds.aqr.com/fund-finder
  • beebee
    edited November 2019
    @catch22, me thinks the someone is Rob Arnott.
  • rforno

    Nope.
    catch22 said:

    Anyone here or whom you know made any profits of consequence over whatever time frame from any Research Affiliates managed funds?
    Thank you.
    Catch

  • Old_Skeet
    edited November 2019
    I owned, years back, two Pimco funds (PASAX & PAUAX) that Rob Arnott was the advisor. At first they performed well and then went into a period of time where they moved sideways and the began to lose. After holding for a few years when I reached a breakeven point in their decline (might have had some small losses) I cashed out and sold them both.
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