Equity style: value vs growth

Meketa

Research

16 Pages

Meketa Investment Group revisits the long running debate between value and growth equity styles using United States index data and sector breakdowns. The paper explains how definitions, benchmarks and concentration shape realized style exposure more than the simple labels used in marketing.

Date published: October 2025

For illustrative purposes only, and not a recommendation of any security.

Key Takeaways

Style definitions matter: Shows that index rules and classification choices drive which companies get labeled value or growth in practice.
Concentration and sectors: Highlights how mega caps and sector tilts can dominate style indexes and distort perceived diversification.
Implementation guidance: Encourages investors to look through labels to underlying factor, sector and stock level exposures.
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