Jefferies: Buy Value For Reflationary TradeRupert Hargreaves
Value investors will benefit most from the current themes stalking the markets according to a January 3 Global Equity Strategy note put together by analysts at investment bank Jefferies.
According to the note, the return of inflation and the shift in the term premium ought to be the focus of investors going into 2017. Equities are long duration assets, and as the yield curve steepens, low P/E and low P/B stocks with improving asset turnover could be the best assets to play the reflationary trade.
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