Managers start to look towards growth sectors

Value stocks are expected to continue outperforming growth stocks in the third quarter. Since the technology bubble burst, value has come to the fore as the most rewarding investment style, and opinion is divided on whether growth sectors will rebound later this year. Richard Brody, manager of the Prudential North American Trust and Scottish Amicable American Trust, is running his portfolios with a value bias and believes the style will prevail in the long term. He says: 'We have seen the unwinding of the bubble that occurred in some growth stock sectors but we are now getting closer to...