Schweser QBank Question

According to the QBank, a growth manager would have a portfolio with a low dividend yield and low earnings volatility. I agree with the low dividend yield but can you help me with the low earnings vol? I’d expect tech and health care companies to have higher earnings vol, no?

(Question ID: 466209)

If Im understanding it right, because a fixed amount is coming out as dividends in value stocks, it makes the earnings volitity higher.

Ah, that makes sense. Thanks gad!

Schweser: “A value manager would have high earnings volatility because they are willing to take positions in cyclical firms.”