Synthetic growth stocks

Synthetic growth stocks

Drawing from the insights of the clean surplus accounting model for stock prices, we show that combining stocks with high profitability and low-BM ratios results in a “good growth” portfolio that outperforms classical growth stocks in multiple dimensions. The proposed portfolio offers growth-style i...

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Veröffentlicht in:Journal of asset management 2018-05, Vol.19 (3), p.162-168
1. Verfasser: Fong, Wai Mun
Format: Artikel
Sprache:eng
Schlagworte:
Economics and Finance
Finance
Financial Services
Growth stocks
Original Article
Risk Management
Value stocks
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container_title Journal of asset management
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creator Fong, Wai Mun
description Drawing from the insights of the clean surplus accounting model for stock prices, we show that combining stocks with high profitability and low-BM ratios results in a “good growth” portfolio that outperforms classical growth stocks in multiple dimensions. The proposed portfolio offers growth-style investors a much more compelling alternative to classical growth stocks which are synonymous with poor returns relative to value stocks.
doi_str_mv 10.1057/s41260-017-0070-7
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subjects Economics and Finance
Finance
Financial Services
Growth stocks
Original Article
Risk Management
Value stocks
title Synthetic growth stocks
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