Man drawing a red line prevailing upward Which style has performed better, growth or value? On a month-to-month basis, one style will generally outperform the other or vice-versa. Over a longer periods of time, divergent patterns have emerged. (Photo: Shutterstock)

It is commonly stated that investing and asset allocation involve the choice between three asset classes: stocks, bonds and cash. However, it has long been believed that certain types of stocks behave differently from other types of stocks.

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