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Pzena Outlook 2022: Will the Value Cycle Continue?
The strong outperformance of value which began in late 2020 took a pause in the second half of last year. This pattern has happened historically, and it is the same thing we have seen since we started managing portfolios more than a quarter of a century ago. The same loss of confidence in the face of uncertainty that creates value opportunities, makes value cycles long and enduring as panicked investors persistently call its end during its early stages. We would like to invite you to a live webinar in which portfolio managers Allison Fisch and Ben Silver will be discussing the compelling opportunity in value stocks that we see in both developed and emerging equity markets, and why we think there is still a long way to go in the current value cycle.

We would be delighted if you would join us at 14:00 GMT on Tuesday 1st February, 2022.


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