As we entered 2025, American exceptionalism emerged as a prominent topic, but the first quarter saw international stocks outperform U.S. stocks and value stocks outshine growth stocks. While future...
In this letter, we explore how value exposure could influence the risk and return profile of a diversified portfolio across various cycles. To illustrate this, we created a hypothetical equal-weigh...
The impressive performance of U.S. stocks over the past decade has led many investors to question their allocation to international stocks and their place in a diversified portfolio. We believe int...
What are the prospects for value in a market environment that bears a lot of similarities to the one from 1974?
With the value-led cycle well into its fourth year, many wonder whether the value run is nearing its end, especially given the performance of U.S. growth stocks in 2023. However, there are several...
Today we celebrate 50 years since the founding of Brandes Investment Partners. As noted in the 1974 letter from Benjamin Graham to Charles Brandes, the firm was to be operated along “Graham princip...
When value did well, Brandes tended to do even better. With nearly 50 years managing value strategies, we strive to deliver benchmark-beating results through our research-driven approach. While we...
With financial media full of articles and reports about the challenges of investing in China, many investors wonder if China is even investible given its current economic troubles, the geopolitical...
While value stocks have outperformed the broad market over the last 3 years, after a decade of underperformance, we have found that many portfolios likely have a growth performance bias and could b...
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