Market unsure on making shift from value to growth

Fund managers are divided on whether the time is right for moving from a value to a growth bias, wit...

Fund managers are divided on whether the time is right for moving from a value to a growth bias, with equity markets defying declarations that a bottom has been reached. But with yields on some traditional growth stocks now rivalling or even outstripping gilt yields, the outperformance enjoyed by value investors may not have much further to run. Rothschild Asset Management head of multi-manager investing Bambos Hambi says some managers have begun to steer their portfolios away from a value stance but are not yet moving over to the growth camp. 'We've been shifting our portfolios int...