Market Watch: A major value fund mirrors a major growth one more than you may expect

In the current economic environment, should investors looking to beat the overall market employ a value-based strategy, favoring companies that are trading at a discount, or a growth one, looking at the names that have already been doing well? What if there’s less difference between the two than you might expect?

As the broader market appears to be entering a period where value may be better positioned than growth—following a decadelong run of losing to both growth and the overall market—investors hoping for exposure to one strategy over the other should be careful: There’s a notable degree of overlap between two widely used exchange-traded funds that offer exposure to these strategies, an issue that could muddle their efficiency in diversifying one’s portfolio.

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