Renaissance of the “Old Economy”: Classic industry benefits from current trends. (Ki photo: freepik, dasun404malaka)
Value-Fonds-yesterday’s shopkeepers? Are you kidding me? Are you serious when you say that! While the tech giants tumble with their AI dreams, 3 underdog strategies celebrate a spectacular comeback. But be careful: behind the dream returns lurk in volatility monsters and relatively high fees of up to 2 percent.
Are we facing a renaissance of the “Old Economy”? Or is it just the last rearing of a dying investment strategy? A look at the safe of the Value rebels.
“Buy and Hold” with a pain threshold – from the ashes of the financial crisis
The Long Term Investment Fund (SIA) Classic (ISIN: LU0244071956) is a teaching piece in terms of stock exchange resilience. With a 5-year performance of plus 163 percent, the fund is currently at the top of the global equity funds-but the way there was characterized by tuition and adaptation. After a crash of 67 percent during the 2008 financial crisis, the team led by Alexander Rauchstein, Jose Carlos Jarillo and Marcos Hernandez drew the emergency brake. Instead of further relying on cyclical values, the fund diversified across industries and systematically reduced risk factors.
Today, the portfolio includes 37 positions with a focus on consumer goods (28.9 percent), health (12.5 percent) and energy (11.4 percent). Tech title is almost in vain-except for ASML, which is considered an exception with a castle ditch from semiconductor patents. Top-Holdings such as ISS, Grifols and Reckitte Benckis reflect the focus on stable cash flows and entrepreneurial substance.
But success has a price: the *volatility is 18.61 percent over 5 years, and the concentration on a few titles remains a risk. Nevertheless, the fund convinces with an annual return of 8.6 percent since the laying in 2002-a proof that value investing with discipline and adaptability can win in the long term.
The anti-tech all-könner-why US shares are not a sure-fire success
Alessandro Dicorrado, Manager of the Ninety One Global Value Equity Fund (ISIN: LU0696274553), relies on a mixture of contrarian strategy and global spread. With plus 145 percent in 5 years, the fund exhausted the MSCI World – the secret lies in the underweight of the United States (32 percent) and the focus on undervalued markets such as Great Britain (29 percent) and Europe (23 percent).
Dicorrado’s skepticism compared to US ratings is programmatic: “The cyclically adjusted premium of American shares is close to a 40-year high”. Instead of overheated tech giants, he relies on niche players such as the Brazilian stock exchange operator B3 Brazil Bolsa Balcao or the British engine manufacturer Rolls-Royce. Even Meta Platforms ends up in the portfolio-not as a growth bet, but as a value candidate with underestimated advertising potential.
The fund, in 2011, proves: Value strategies can also score in growth-dominated markets-provided that you dare to swim against the electricity. But the ter of 2.00 percent recalls that active management has its price.
Renaissance of the Old Economy with infrastructure boom and customs policy
The Fidelity Global Industrials (ISIN: LU0114722902) is not a pure value fund, but like no other, he benefits from the macro trends of our time: infrastructure-offensive, reshoring and trade wars. Manager Ashish Bhardwaj, at the wheel since 2015, relies on a mix of heavy industry (Exxonmobil), Transport (Union Pacific) and armor (Rolls-Royce)-and thus collected plus 135 percent in 5 years.
Bhardwaj’s strategy is as simple as it is effective: he chases companies with “price law” in sectors that remain indispensable even in crises. The fund of Bidens is currently benefiting $ 1 billion infrastructure package and Trump’s threatening universal toll, which favor domestic industries. He even used the energy crisis as an opportunity to get into European steelworks and US armor titles.
But be careful: the industrial sector remains cyclical. The volatility of 18.61 percent also shows in this fund that risks lurk here-such as supply chains bottlenecks or raw material price shocks. Nevertheless, the fund with a 20-year performance of 360 percent is proof: Old economy can rock if you play it correctly.
Conclusion: Value is not a dogma, but a chameleon
These 3 funds show: Value investing in 2025 is not a retreat to dusty textbooks, but a dynamic game with macrotrends, political breaks and entrepreneurial substance. Whether Swiss toughness, British contrarian instinct or US infrastructure focus-the strategies could not be more different. But she unites the knowledge: In a world of AI hysteria and mountains of debt, whoever appreciates real values-and remains patient. How Rauchstein puts it: “Trenches You don’t build in one day – but they last centuries. “
Disclaimer:
No investment advice. No call to buy or sell securities.