Laffer Tengler CEO Nancy Tengler Signals Shift Away From Deep Value Strategy

Nancy Tengler, the CEO and CIO of Laffer Tengler, has signaled a strategic shift away from deep value investing. Speaking on the 'Bloomberg ETF IQ' program, Tengler outlined the firm's current perspective on market valuations and asset selection. Deep value investing typically involves seeking stocks that are trading significantly below their intrinsic value, often within distressed sectors or companies facing temporary headwinds. By stating that the firm is 'not fishing in the deep value pool,' Tengler suggests a preference for quality or growth factors over purely contrarian, low-valuation plays in the current environment. While the discussion spanned several segments, the core message centered on the firm's disciplined approach to risk and valuation. The shift indicates a cautious stance toward assets that appear cheap but may lack the necessary catalysts for a price recovery. Such commentary from a prominent CIO provides insight into institutional sentiment. While not a catalyst for a specific security, it reflects a broader trend among some asset managers to prioritize fundamental strength and stability over high-risk recovery plays during periods of economic uncertainty.