Contrarian investing has been out of fashion for more than a decade, but its time may have come as growth stock valuations run hot and the pandemic throws up buying opportunities.
The Dogs of the Dow theory involves investing in the market’s worst-performing dividend stocks. Simon Letch
Allan Gray Australia’s flagship equities fund looks more like a kennel than a portfolio of star stocks. It includes some of the market’s biggest “dogs” over three years.
The noted contrarian investor owns AMP, QBE Insurance, Oil Search, Woodside Petroleum and Alumina. No tech stock, retailer or iron-ore producer is among its top holdings.
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Original URL: https://www.afr.com/wealth/personal-finance/how-to-find-treasure-in-the-sharemarket-s-trash-20210721-p58bq6
