In a world where investors are often told to pick a style and stay in their lane—growth, value, small, large—relative value investing offers a refreshing
reminder: markets don’t care about your boxes. They reward adaptability.
Relative value investing is built on a simple premise: don’t marry a style; allocate in favor of assets that have the greatest probability of working in your favor, not through the rearview mirror, but rather looking ahead. Instead of forcing portfolios into rigid categories, this approach compares assets and factors across the market landscape to identify where opportunities look most compelling.
Maybe growth stocks are flying high. Maybe value is quietly staging a comeback. Maybe small caps are waking up from a prolonged slumber. Relative value investing doesn’t make you guess—it helps you shift with discipline, not emotion.
For advisors, it’s a way to bring flexibility without the chaos, using a systematic process to tilt toward areas with better risk-reward dynamics. Think of it as
style-box agnosticism with a purpose: staying aligned with where the market is offering measurable opportunity, not where a label says you should be.
In short, relative value investing lets you tactically color outside the lines. And sometimes, that’s where the best pictures get drawn.
Disclosures
Integrated Capital Management, Inc. is an SEC Registered Investment Advisor. Registration does not imply any certain level of skill or training. This blog is intended solely to report on various investment views held by Integrated Capital Management. Opinions, estimates, forecasts, and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice. We believe the information provided here is reliable but should not be assumed to be accurate or complete. References to specific securities, asset classes and financial markets are for illustrative purposes only and do not constitute a solicitation, offer or recommendation to purchase or sell a security.
Past performance is no guarantee of future results. Please note that investments in foreign markets are subject to special currency, political, and economic risks. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Where applicable, portfolio characteristics are shown gross of fees.
Any capital markets views are intended solely to report on various investment views held by Integrated Capital Management. Opinions, estimates, forecasts, and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice. We believe the information provided here is reliable but should not be assumed to be accurate or complete. References to specific securities, asset classes and financial markets are for illustrative purposes only and do not constitute a solicitation, offer or recommendation to purchase or sell a security. Outlook may change at any time given shifting market conditions. Past performance is no guarantee of future results. Please note that investments in foreign markets are subject to special currency, political, and economic risks. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index.
Closed end funds are exchange traded, may trade at a discount to their net asset values and may deploy leverage. When the strategy purchases shares of a closed-end fund at a discount to its net asset value, there can be no assurance that the discount will decrease and may possibly increase. If a closed-end fund uses leverage, increases and decreases in the value of its share price may be magnified.
Distributions by a closed-end fund may include a return of capital, which would reduce the fund’s net asset value and its earnings capacity. Closed end funds are offered by prospectus. The prospectus and/or other applicable offering documents contain this and other important information about the investment strategy. You should read the prospectus and/or other applicable offering documents carefully before investing. Investors should consider the investment objectives, risks, charges and expenses of the investment strategy before investing. iCM uses third-party data that is believed to be accurate and complete. All data is subject to change.
TICE Blended Benchmark comprised of 32% S&P 500/8% MSCI EAFE/38% Bloomberg Aggregate Bond/20% Bloomberg Municipal Bond/2% Cash
FTSE NAREIT All Equity REITs TR = U.S. REITs
S&P 500 Index = U.S. Large Cap
Russell 1000 Growth TR = U.S. Large Growth Russell 1000 Value TR = U.S. Large Value Russell 2000 Index = U.S. Small Cap
MSCI EAFE ND USD = Developed International Equities Bloomberg High Yield Corp Bond = High Yield Bonds Bloomberg Municipal TR = Municipal Bonds; BBgBarc Bloomberg US Credit TR = U.S. IG Corp Bonds Bloomberg Aggregate Bond = U.S. Taxable Bonds
Bloomberg Treasury TR = U.S. Treasury Bonds
MSCI Emerging Markets ND USD = Emerging Markets Equities; JPM GBI EM Glbl Divers TR = EM Bonds;
Bloomberg Commodity TR USD = Broad Basket Commodities
First Trust Composite Closed-End Fund TR Index = Closed End Funds (MMXXVI)
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