Tag: Pzena

‘Deep value’ is back in focus and the arithmetic of paying less while expectations are low has rarely looked more compelling.

As AI enthusiasm and speculative behaviour reshape equity markets, John Goetz and Dan Babkes from Pzena Investment Management say advisers should look beyond the headline rally. Beneath the surface, dispersion and over-reaction are creating fertile ground for value.

Owning the largest stocks has historically been a recipe for underperformance over every period, according to value house Pzena, but the madness of benchmark construction means some investors have few choices but to.

Teams from Pzena and Invesco scored highly against the Northern Trust-backed Essentia Analytics’ Behavioural Alpha Benchmark, a system designed to differentiate between luck and true investment nous.