Growth guys aren't the only ones diving into technology and health stocks, according to Bloomberg News.

Richard Fentin, who manages the Fidelity Value Fund, had used low-cost stocks from these sectors for about 22% of the fund's assets. "There are a lot of values," he said, noting that the Boston-based fund has "gotten more technology oriented as the stocks have gotten cheaper."

Fentin's fund grew at about 18% annually over the past three years, besting the performance of 62 of his 67 fund class competitors.

In the past 12 months, the fund has increased 10%, compared to 8% for its peers.

Fentin's focus is companies with low book prices and great earnings potential, as well as companies with significant changes in their executive line-ups or surging demand.

Technology has scared away many investors, since the market peak in May. The Russell midcap technology index slumped 16% since early May, causing Fentin's fund  to follow suit, sinking 5.3%. Fentin purchased more shared of a computer disk drive manufacturer.

The Value Fund owns 292 stocks of companies with values between $1 billion to $20 billion. Fentin has been at its helm for a decade.

The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.

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