In this issue, Guillaume Dolisi and Laurent Pla – VIA AM co-founders and Fund Managers – discuss about the last 10 years overall underperformance of the value investment style and its acceleration over the past 18 months. They introduce a few figures in order to quantify this phenomenon and to show that value factors are nor identical neither equal and therefore do not offer the same opportunities.

Please find the note here : Common sense and Proportions – June 2019