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The Steele Group’s Q3 2020 Newsletter

In the third quarter we saw a substantial re-balancing taken by money managers from growth companies, such as Amazon, which have outperformed markets to firms to value companies, such as Bank of America. This shift does not mean that growth is out of favour as many money managers still believe in the growth of these firms, however, the movement is to ensure positions in these growth firms do not become overweight within their portfolios.

3rd Quarter 2020
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