China: where growth and value collide

Chief Investment Officer and founder of Aitken Investment Management
Print This Post A A A

There seems to be a lot of debate right now about the P/E gap between growth and value stocks. The fact of the matter is most value stocks have very little growth and now most growth stocks offer very little value.

In my view, we are at the point of the cycle where you want to avoid “value traps” but you also want to avoid massively overpaying for near-term growth. In Australia and globally, there is the clear ability to do both right now and it requires discipline to avoid making investment mistakes.

Growth at a reasonable price (GARP)

Take a free trial to continue reading

Already have an account? Login to continue reading.

By proceeding you understand and agree to the site's terms and conditions

Also from this edition