Value began to outpace growth in 2016 after investors bid up new internet and technology companies to lofty valuations over the past decade.
The S&P 500 Growth index fell 3.52% year to date after a 1% slide in February, versus a 1.38% decline of the S&P 500 Value index after it etched a 0.21% gain for the month. The switch in the young year offers little evidence that a long-term trend will continue to reverse: The growth index has beaten value over the past one-, three-, five- and 10-year periods on a price-return basis.
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