Value stocks have underperformed their Growth peers by a gap never wider in history, leaving some to suggest it’s time to throw in the towel. But history shows that when the performance on a long-held strategy is at its relative worst, generally speaking, it’s best to stay true to your defined approach. More than hope drives that view. Both the basic premise for Value investing remains applicable, while the vastly expanded valuation gap between the two groups of stocks bolsters our outlook. We thus remain committed to Value as one of the factors we incorporated into our multifactor approach.