The outlook for value fund sales improved slightly in April and there were signs of an increasing demand for value oriented portfolio managers.

Value funds had net redemptions of only $4 billion in April, down from $14.2 billion in March, according to Financial Research Corp. of Boston, a financial services tracking and consulting firm. Net redemptions were approximately $45 billion from January 1 to March 31, according to FRC. The improved sales figures come at a time when some fund companies are introducing new value funds and demand for value managers is increasing, according to executive recruiters.

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