US equity The case for value investing
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Equities
Barron’s article: Q&A with Kevin Holt on 25 years of value investing
October 17, 2024
Barron’s recently sat down with Kevin Holt, co-manager of the Invesco Comstock Fund, for a conversation on lessons in value investing he’s learned from more than 25 years of managing the fund.
Key takeaways:
- Applying classic value-investing techniques, the Invesco Comstock Fund management team focuses on identifying a company’s normalized profitability and cash flows. This can involve a 20-year deep dive into the background of the company and its industry.
- The team believes that owning companies that are overly acquisitive, lack strong management teams, or don’t have properly aligned management incentives can significantly hinder a fund’s performance.
- Holt describes where the team is currently finding opportunities among the energy, banking, and healthcare industries.
Read the article to learn more about the team’s latest views.
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