[mwgr5]

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Value stocks have a higher expected return than the market and growth stocks

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Do all value funds have a higher expected return than market and growth funds in the same market?

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Value stocks have outperformed growth stocks in the long run in the past. It is important to remember, however, that past performance does not guarentee future performance. People that support the idea that value outperforms growth generally thik that value stocks are fundamentally riskier than growth stocks, and the value premium is compensation for bearing that additional risk. This idea would support the thinking that value will ouperform in the future. It is also imporant to remember that this value premium occurs over the LONG RUN. There have been periods of over 10 years where growth has outperformed value. So if you decide to value tilt is imporant that you stay the coarse and don't chase performance if growth outperforms value over a decent amount of time.