Today's markets and Value's U-turn | Rob Arnott, Founder and Chairman, Research Affiliates

At the World Investment Forum in June 2023, Rob Arnott, founder and chairman of the board of Research Affiliates, shares his thoughts on Fed policy, interest rates and inflation from a historical viewpoint and where he sees them heading. He also talks us through the key findings of a RAFI research paper “Reports of Value’s death may have been greatly exaggerated” published in the FAJ in 2021. From there he explains the ‘migration effect’ on the dividend stream of the Russell Value portfolio from 2007 to 2022, the flaws in book-to-value and his thoughts on AI.