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Be interesting to see how Lenovo views the "value" strategy.
…Late last year, Motorola began pursuing a new "value" strategy to sell smartphones at lower prices than rivals, a strategy Mr. Osterloh said will continue.
"We have adopted a strategy of the ultimate quality, the value strategy as opposed to the volume strategy," Mr. Thomas said during a recent interview.
"We have adopted a strategy of the ultimate quality, the value strategy as opposed to the volume strategy," Mr. Thomas said.
Investors continue to strongly favor these growth funds over funds whose managers practice a value strategy, which emphasizes stocks that are priced at a discount relative to their intrinsic worth.
As for the value strategy, Mr. MacMillan said he tried to identify "overreaction" to companies that had experienced a long period of underperformance by looking for signs that they were beginning to improve.
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So-called value strategies, stocks that look cheap relative to their asset values, tend to outperform over the long run, for example.
Mercury's funds did poorly, as it continued to follow traditional "value" strategies, buying shares that looked cheap rather than high-flying "growth" stocks.
Why is the performance of value strategies better over time?
In the industrial sphere, meanwhile, managers are beginning to adopt shareholder value strategies that are unfavorable to bondholders.
There is, therefore, a need to specifically support the companies and their suppliers as they were developing these higher value strategies.
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Justyna Jupowicz-Kozak
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