The value funds poised for a comeback.

European financials, UK value and China are all “unloved” areas worth allocating to but they should also continue to back the likes of Terry Smith or Baillie Gifford, according to James Penny, UK chief investment officer at TAM Asset Management.

The past 14 months have been a rollercoaster for investors with both high-growth tech and healthcare stocks, as well as out-of-favour “value” stocks, leading the market at various points.

Link to original article