With last Monday’s upbeat vaccine news, markets saw the biggest rotation out of growth stocks to value since 2008. Many strategists expect similar moves in the near future, with growth stocks lagging the broader market. BAM adopts a “barbell” strategy within our portfolios, with holdings in value stocks and defensive growth balanced by momentum plays such as technology.

Whilst value stocks will continue to perform if the Covid virus is contained and the global economy fully emerges from restrictions and fear, growth will still have its place if uncertain times continue.