The new world’s winners will look very different from past decades
Jacob Mitchell | Antipodes Partners | 25 February 2026 | 0.75 CE
The value factor has underperformed for a decade and frustrated allocators have increasingly abandoned the style, with global equity portfolios heavily tilted towards factors and regions trading at historical extremes. Value is too often perceived as low quality, cyclical, economically sensitive and littered with disrupted former titans. But allocators willing to take a more contemporary approach to identifying value can build in diversifying ballast within global equity portfolios, particularly against a backdrop of increasingly concentrated passiv...