Style bias set to have less impact on performance

Although investors continue to avoid highly priced technology stocks, there are signs further down the scale that the growth/value distinction is starting to become blurred, according to fund managers. Neil Brennan, of Schroder Salomon Smith Barney, points out that during March, value stocks appeared to outperform growth stocks. But outside the technology sector, he believes style bias has had little effect on performance. "From an initial look at the data, the likely first response is that value stocks were dominant during March," he says. "However, there was little consistent style bia...