Valuation Matters: Upside Potential in Banks and Telecommunication Services
We discuss the outlook for value stocks and highlight two industry groups, banks and telecommunication services, which we believe present potential for outperformance.
Value Opportunities Among the Unloved: UK Stocks and European Banks
What happens when Brexit casts an additional cloud on beleaguered financials valuations? Watch our video for Causeway portfolio manager Conor Muldoon’s take on UK-listed financials.
Rationalizing the Irrational: Video Highlights
Senior Research Analyst Ryan Myers shares video highlights of our research on the irrational implications of the current gap in value and growth multiples.
article / July 2019
Rationalizing the Irrational
Current market multiples for the MSCI Value indices suggest negative perpetuity growth for value stocks across all global geographies, even as the world economy is forecast to grow and value stocks have had superior earnings growth to growth stocks since the market trough in 2009. As the gap in implied earnings growth between value and growth stocks reaches new highs, we find the current value recession increasingly irrational.
webcast / July 2019
Causeway Funds Webcasts: 2Q2019
Causeway Funds invites you to view our 2Q2019 series of quarterly webcasts. During these webcasts, we review performance of our funds and share our investment outlook.
article / May 2019
Highlights from Causeway Convergence 2019
We share investment videos from the Causeway research team on topics we featured at our March 2019 client conference.
webcast / April 2019
Causeway Funds Webcasts: 1Q2019
Causeway Funds invites you to view our 1Q2019 series of quarterly webcasts. During these webcasts, we review performance of our funds and share our investment outlook.
article / April 2019
But What if the Cycle Turns...?
We examine the effects of massive global monetary accommodation on public equity markets, and the potential for a value recovery when the liquidity spigot turns lower.
article / January 2019
Buy the Cyclicals, the Unpopular, and the Neglected
Learn why we see opportunity in some of the most neglected parts of the global equity market.
article / August 2018
Value and Earnings Estimates Revisions – A Powerful Pairing
This paper highlights how new areas of convergence have empowered our portfolio managers to address the challenges of value investing in today’s markets.
article / May 2018
The Compelling Case for Value
We identify a confluence of dynamics in favor of value investing.