Value stocks still offering best returns

Value stocks continue to provide some of the best returns, according to Anthony Bolton, manager of Fidelity's Special Situations Fund. Bolton, who has run the fund for more than 20 years, said: "Earlier this year, particularly with the technology, media and telecom bubble, there was a view that value was dead, but over the long-term value investment has provided some of the best returns. "If you are doing what everyone else is doing, you are late to the party." Explaining how he picks his stocks, he said: "I look for misvalued securities where I can see a catalyst that will lead to that...