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NBIM Discussion Note on the Value Effect

NBIM Discussion Note 5 December 2012

Norges Bank Investment Management (NBIM) has in a discussion note published today reviewed the theory and empirical evidence of the so-called value effect. The value effect is the tendency of value stocks to generate higher returns over time than growth stocks.

Read the docussion note on Value Effect

The note is part of a series of discussion notes on topics of relevance to the long-term investment strategy of the Government Pension Fund Global.