GMO Quarterly Letter
About GMO
Our Capabilities
2Q 2021
GMO Quarterly Letter
In GMO’s latest Quarterly Letter, Ben Inker addresses some of the objections he hears from investors who are hesitant to join GMO in betting strongly on Value today. While companies and markets evolve, the valuation disconnect between Value and Growth is at extreme levels. As patient, valuation-sensitive investors, our long-term bet is on Value.
Read the letter and learn more about GMO's Equity Dislocation Strategy, designed to profit from the Value/Growth opportunity.
Featured Viewpoint
Waiting for the Last Dance
Jeremy Grantham warned in January of this year that the long bull market since 2009 has matured into a full-fledged bubble. His observation appears more and more perceptive – and more important for investors to consider – as the stock market has continued to advance throughout 2021 at an accelerating rate, with increasing speculative excesses.
GMO Emerging Country Debt
2021 PRI Awards Shortlist
We are delighted that GMO’s Emerging Country Debt team has been shortlisted for the 2021 PRI Awards in the ESG Incorporation Initiative of the Year category, for the team’s integration of macro ESG metrics into our emerging markets sovereign debt process.
Read about how we integrated ESG into our investment analysis.
Featured Research
Part 1: Inflation – Tall Tales and True Causes
Read our latest Research to learn more about the underlying causes of inflation and why we believe the recent upsurge in inflationary angst is likely much ado about nothing.
Featured Research
Quality Investing & Inflation
Quality stocks have tended to fare well versus the broad market during inflationary times, and paying attention to valuation alongside quality has delivered even better results. Read our recent research.
GMO’s Quality Strategy is similarly well positioned for an inflationary environment today.