Will growth or value deliver in the US this year?

COMMENT

2013 was the best year for US equity investors since 1995, but what is next?

If we look briefly at lessons learned last year, we saw for US value investors that the classic contrarian measures of stock selection (low price/earnings, low price/book value and low price/free cashflow) all paid off very well during the year, as confidence grew in the prospects for continued economic recovery. But for growth investors, excitement around innovation in biotechnology and mobile technology also provided some powerful investment themes, and the Russell 1000 Growth benchmark actually slightly outpaced the Value version in what most would consider a banner year for the value...