This 1997 paper by Eugene Fama and Ken French shows that value stocks have higher returns than growth stocks in markets around the world. For 1975-1995, the difference between the average returns on global portfolios of high and low book-to-market stocks is 7.60% per year, and value stocks outperform growth stocks in 12 of 13 major markets.
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- ATLAS CAPITAL ADVISORS, LLC
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38 Keyes Ave Suite 200
The Presidio San Francisco
CA 94129 -
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