Column by Gabelli Funds

The Rotation From Growth to Value May Now Gain Strength


  1. Russia’s invasion of Ukraine sent shocks throughout global markets, marking an escalation to a conflict that began in 2014.
  2. After several false starts, a rotation from Growth to Value may finally gain traction and provide a tailwind for the appreciation of the undervalued, cash generative entities we favor.
  3. Convertibles have outperformed their underlying equities through this period, but the drawdown has been larger than we anticipated coming into the year. Issuance has been off to a slower start than last year but we are starting to see it pick up.