Produced by Van Lanschot Kempen Investment Management, this paper outlines a pragmatic case for re-introducing value investing as markets grow more uneven and growth-heavy portfolios face rising sensitivity to sentiment shifts.
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Value is reframed not as a style rotation, but as disciplined exposure to quality businesses priced with a margin of safety.
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A flexible, benchmark-agnostic approach broadens opportunity sets, including overlooked sectors and mid-sized companies.
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Emphasis on fundamentals and cash flows aims to enhance portfolio resilience during periods of volatility.
Where might valuation discipline matter most as market leadership narrows and expectations rise?
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