Bill Gross backs value to outpace growth

Bill Gross is back (kind of) and he has something to say on the growth versus value debate.

The veteran investor, who retired from fund management in March last year, has published his first investment outlook since 2019, in which he argues that the meteoric rise of growth stocks performance is more tied to real interest rate moves than value stock performance. And so, if real rates move higher, as he thinks they will, value will be poised to outpace growth again.