An analyst uses a stock screener and selects the following metrics from his equity universe:
·price-to-equity ratio lower than the median P/E
·price-to-book value ratio lower than the median P/BV
The stocks selected would be most appropriate for portfolios for which type of investors?
Metrics such as low P/E and low P/BY are aimed at selecting value companies; therefore, the portfolio is most appropriate for value investors.