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Value vs. Glamour: Emerging Markets

8 Pages Posted: 18 Dec 2015  

Brandes Institute

Brandes Investment Partners

Date Written: April 1, 2013

Abstract

According to the International Monetary Fund, emerging markets now represent more than a third of global GDP — and are expected to grow at a faster rate than advanced economies. With such explosive growth, investors often assume that an investment strategy focused on growth would yield better results. Yet, the results from the Brandes Institute’s Value vs. Glamour: A Global Phenomenon study shows a strong evidence of a value premium in developing countries.

Keywords: value investing, emerging markets, value stocks, value premium, MSCI, price volatility

JEL Classification: G10, G11, G20, G22, G23, G14, G30, G31, G15

Suggested Citation

Institute, Brandes, Value vs. Glamour: Emerging Markets (April 1, 2013). Brandes Institute Research Paper No. 2013-02. Available at SSRN: https://ssrn.com/abstract=2704562 or http://dx.doi.org/10.2139/ssrn.2704562

Brandes Institute (Contact Author)

Brandes Investment Partners ( email )

11988 El Camino Real, Suite 500
P.O. Box 919048
San Diego, CA 92191-9048
United States

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