Investment Week reports: Damian Handzy, head of research and applied analytics at Investment Metrics, said the ‘growth versus value’ debate only exists because “people are drawn to binary battles”.

“Market dynamics, including unicorn valuations of certain tech firms coupled with the tremendous financial gains from private equity, have convinced many investors that growth is the place to be,” he said.

“At the same time, nothing has happened to disqualify the rationale behind value investing.”

“In 2021, both value and growth outperformed the market. While value and growth are usually at odds with each other, we have seen that they can both outperform.”