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

Institute, Brandes, Value Investing: Has it Worked in Emerging Markets? (August 15, 2008). Available at SSRN: https://ssrn.com/abstract=1228962 or http://dx.doi.org/10.2139/ssrn.1228962

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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