Schroders' Brookes sees return of value as growth reaches 'euphoria'

"If someone were setting up a fund house now I would say set it up for value, as that's what's going to do well over the next decade," said Brookes (pictured) at a Schroders Outsourcing Investment event. Value bias, he said, was one of the reasons the Schroders Multi-Manager Diversity funds had recently had a "tougher time". "I think there's some sort of signals in the market now that investors have got into buying growth stocks but are starting to ignore valuation," he said. In comparison, Brookes argued many value fund managers were in the ‘despondent' stage in the cycle of marke...