Value performance has been on an upward trend recently, after a prolonged period of relatively weak performance. The long-term underperformance of value has made investors question the validity of the strategy and the existence of a value premium.  In this video, Mehdi Alighanbari, Executive Director, MSCI Research and Abhishek Gupta, Executive Director, MSCI Research discuss reasons behind value’s underperformance, potential ways to update definitions of value and how Value Growth indexes can potentially be more relevant benchmarks than market-cap indexes when evaluating the performance of style managers.