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Europe's largest asset manager: "It's too simple to say that value as a style didn't perform"

Investors discard value based on some indexes that have underperformed, according to an Amundi fund manager, who says value is now at its cheapest in history. He explains why his Danish manager is the best boss he has ever had.

Andreas Wosol, head of value at Amundi. | Photo: PR / Amundi

Many investors have concluded too quickly that value investing has underperformed in recent years, according to Andreas Wosol, head of value at Amundi.

"It's too simple to say that value as a style didn't perform," he says to AMWatch. "Certain definitions of value didn't perform and funds that are too close to the price-driven definition of value haven't performed because they had high exposure to financials and other sectors where there is a relative cheapness rather than an intrinsic cheapness."

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