BofA: Value Investing Will Only Grow More Popular

The growth of smart beta, as it is generally known, has been reasonably remarkable, achieving a 30% annualized run rate during the current bull market, a Bank of America Merrill Lynch report notes. But what is the next “big thing” to hit what Morningstar refers to as “strategic beta?” According to a survey of its institutional clients, BofA thinks value investing, the popular kid at the lunchroom table last year, will only grow more popular, which might make Ben Graham smile, but would not be great for investors. [timeless] Value investing is extending its lead When Savita Subramanian and his…