Morningstar: Value will significantly outperform growth

As such, the team believes there is scope for value stocks to outperform and has taken equity positions across energy and financial companies, explaining that value stocks remain "among the largest driver of our portfolios at this current time". The team has also reduced its US equity positions across multi-asset portfolios to underweights, offset by "healthy" allocations to the UK, Japan and emerging markets as it "broadly positions" for a "continuation of the economic recovery".  The team added: "Recoveries, by definition, are transitory. They consist of a period of time following a...