This study contributes to research on value investing in Brazil, analyzing the Brazilian funds that adopt this philosophy. The goal is to identify some of the factors that influence the decisions of value investing managers to maintain an asset in their portfolios. The results point out that the...

This study contributes to research on value investing in Brazil, analyzing the Brazilian funds that adopt this philosophy. The goal is to identify some of the factors that influence the decisions of value investing managers to maintain an asset in their portfolios. The results point out that the...

The recent increase in passive investment products has provided investors with easy access to international markets. The basic motivation of this paper is to offer new tools to investors who want to allocate assets across countries. This study investigates the performance of equity country...

A value investing strategy consists of purchasing stocks relatively undervalued to their funda-mental values and selling those relatively overvalued. Finding this kind of companies has been one of the most challenging goals for investors throughout the history. The main objective of this paper...

Die Untersuchung widmet sich den Chancen auf Überrendite am deutschen Aktienmarkt seit 2002 unter Anwendung von klassischen Value- (KGV, KBV, KUV) und Growth-Strategien (Gewinnmarge, PEG, RS). Derartige Momentumstrategien widersprechen Effizienzkriterien, wenn sie erfolgreich sind. Märkte...

A value investing strategy consists of purchasing stocks relatively undervalued to their funda-mental values and selling those relatively overvalued. Finding this kind of companies has been one of the most challenging goals for investors throughout the history. The main objective of this paper...

Die Untersuchung widmet sich den Chancen auf Überrendite am deutschen Aktienmarkt seit 2002 unter Anwendung von klassischen Value- (KGV, KBV, KUV) und Growth-Strategien (Gewinnmarge, PEG, RS). Derartige Momentumstrategien widersprechen Effizienzkriterien, wenn sie erfolgreich sind. Märkte...

We investigate the relationship between value, growth and momentum investment styles across a wide range of developed and emerging economy equity markets. As would be anticipated, value investing generally beats growth. We then determine whether the application of relative momentum or trend...

Simple financial ratios such as book-to-market are often used to identify value stocks. This paper examines the extent to which fundamental accounting information can be used to better identify truly undervalued value stocks to enhance profit in a simple value strategy. Gibbs sampling and model...

We examine novel data on the detailed investment decisions of professional value investors. We find evidence that value investors are not easily defined: they exploit traditional tangible asset valuation discrepancies such as buying high book-to-market stocks, but spend more time analyzing...