Is there good news ahead for value investors?

Economic times are changing. After a post global financial crisis (GFC) period that saw quantitative easing (QE), near zero interest rates and so-called ‘free money’, inflation is back - with markets reacting to a raft of recent central bank interest rate hikes. For Newton’s John Bailer, this shift - amid some recent signs of a return to more normal inflation and interest rates - could signal good news for value investors. As interest rates normalise, Bailer says this era of so-called “free money” - which suited growth investment - is drawing to a close. Instead, he believes markets are...