for over 40 years
GMO’s Climate Change Strategy gained an impressive almost 43% in 2020, net of fees. We’ve delivered strong returns since our Strategy’s inception in 2017, and this long-term secular growth story is just gaining traction. We’re still in the very early days of the climate fight, and we continue to find compelling investment opportunities where the market isn’t pricing in reasonable growth expectations.
Read the Climate Change Strategy 2020 year-end letter for more details.
In his latest Viewpoints piece, Jeremy Grantham warns that the market is now checking off all the touchy-feely characteristics of a major bubble. Given his experience as a historian of markets, we would be wise to listen.
Click here to read the full article.
After more than a decade of disappointing performance, Value stocks just experienced their worst 12-month performance in history. This has left these stocks trading at some of the cheapest levels relative to the market we have ever seen.
Value is extraordinarily cheap today, and we believe expensive Growth stocks are in a bubble similar the TMT bubble in 2000. We recently launched the Equity Dislocation Strategy to profit from this opportunity by intelligently being long undervalued stocks and short overvalued stocks globally.
Jeremy Grantham discussed his thoughts on the epic bubble in U.S. stocks and why additional Fed stimulus will only delay a then even bigger bust by a matter of weeks.
GMO’s Quality Strategy looks to build an equity portfolio of the highest quality companies globally that investors can hold over the long term through both up and down markets. Our approach leverages the pioneering work GMO has done since the 1980s in measuring quality characteristics.