for over 40 years
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.
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
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 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.