UK has some of cheapest value stocks in the world

Savaged value stocks are finally beginning to draw some attention from fund managers on account of their cheapness. The shares have reached such low levels as investors have been selling them off to fund purchases of technology companies but that process may be starting to reverse. Gary Wright, director of balanced funds at Norwich Union Investment Management, says: "The share prices in some sectors such as retailers and brewers have been decimated. We have been investing in value plays to lock in the profits made from technology shares." Companies which Norwich Union is favouring in pa...