BOSTON, MA, August 16, 2023 — After outperforming in 2022, value stocks underperformed growth stocks in the first six months of 2023. This year’s stock market performance has been marked by unusual phenomena – narrow performance and negative value factor returns. Consequently, many of the valuation and index concentration conditions that existed at the beginning of 2022 have re-emerged, and value is again positioned to potentially outperform growth.

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