growth companies

The performance gap between value and growth is still significant since the beginning of the year, but growth is starting to catch up. With the Fed on a rate hike course, and with the possibility of a shallow recession in Europe and the US, growth stocks may paradoxically start to outperform again.

Pierre Lamelin, manager of the Comgest Growth Europe fund, has made finding value in growth companies the cornerstone of his strategy. These companies, with their unique combination of value and growth characteristics, are invariably labelled quality. The manager is convinced that these companies, given their higher and predictable earnings growth, will outperform the market in the longer term.