Value stocks have been anything but values in recent years. They may be worth a look now.
Betting on a rebound in value shares hasn’t been a winning strategy amid the coronavirus crisis. All stocks got hit when the market tumbled into a bear market. But even as the S&P 500 index made back large chunks of its losses—it has gained 26% since March 23 and is down just 12% in 2020—value stocks have languished. The $450 million Invesco S&P 500 Pure Value exchange-traded fund (ticker: RPV) has risen 24% since March 23 and is still down 40% in 2020.