Fund groups favour growth over value

Fund management groups are increasingly confident growth will outperform value during the next 12 months, according to Morningstar. The website fund data provider said 47% believe growth will be the best performing investment style in the next 12 months. That is up from last month, when 40% were backing the growth style to outperform. Some 39% of groups favour a style-neutral approach, while 14% predict value will be the best-performing investment style in the next 12 months.