Value funds

from Wikipedia, the free encyclopedia

A value fund is an investment fund that invests exclusively in undervalued stocks .

The economist Benjamin Graham is regarded as the prominent founder of this strategy . The basic strategy is to rate companies and only buy shares when the current market price is significantly lower than the fund manager's own rating . As soon as the stock market price has reached the value of the internal valuation, the shares are sold again. The price / earnings ratio , the price / book value ratio and, in some cases, the dividend yield serve as evaluation criteria . Value funds tend to be more conservativeInvestment strategy as it is mainly fundamentals that determine whether stocks are bought or sold and less speculation about future price developments.


  1. Börsenlexikon: Value-Fonds ( Memento of December 27, 2007 in the Internet Archive )
  2. Buy valuable funds ; Handelsblatt dated December 10, 2007