Four value plays in recovering markets

Stock markets are riding a wave of optimism at the moment. Manufacturing data is improving, the employment picture appears more positive, and share prices are high. But there is still plenty of value out there, says professional investor Marina Bond. Here, she tips her four best bets for value.

Each week, a professional investor tells MoneyWeek where she'd put her money now. This week:Marina Bond, co-manager of the Rathbone Recovery Fund.

Despite the recent bail-out of Ireland, and concerns over other eurozone members, stockmarkets after a wobble appear to be marching on regardless. Euro issues have been temporarily set aside, to be revisited in the New Year no doubt. Meanwhile, we've got improving manufacturing data out of Britain, America and China to ponder, a more positive employment picture, and the corporate sector with some obvious exceptions among the banks also appears in good shape. Share prices are riding this wave of optimism, but there's still plenty of value out there you've just got to dig for it.

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