Value Investing: Has it Worked in Emerging Markets?
8 Pages Posted: 23 Nov 2008
Date Written: August 15, 2008
Abstract
The Brandes Institute's Value vs. Glamour research has demonstrated the persistent outperformance of value stocks over glamour stocks in developed markets worldwide over long time periods. Investors may wonder if the value premium is also evident in developing countries. In this article, we investigate whether "glamorous" companies in developing countries have outperformed their "value" counterparts over the last few years. We also reveal whether value investing has worked in emerging markets over the long term.
Keywords: emerging markets, emerging, value vs. glamour, Brandes, Brandes Institute, value, value investing, investor, investing, glamour, glamour stock, value stock
JEL Classification: G00, G15
Suggested Citation: Suggested Citation