Valuations matter far more for indexers than they do for any other type of investor.
Not exact matches
We consider the starting point
valuation of value stocks (or any style factor, for that
matter) to be a
far more accurate predictor of future returns than the outlook for economic growth.
We consider the starting point
valuation of value stocks (or any style factor, for that
matter) to be a
far more accurate predictor of future returns than the outlook for economic growth.
The option value must also depend on the duration of the option: the
further out the expiration, the greater the underlying
valuation should affect the option price (and the less volatility should
matter).
We are still investigating the
matter to determine what can be done to address the
valuation issue now and will be in
further communication once we are in a position to provide more information.