Value investors go dumpster diving during sell-off

New York

NOT every investor is chagrined by the dismal way that the year has started in stocks. Some, like self-described value manager Rupal Bhansali, are gleefully loading up on companies that got beaten down when the whole market sold off at the start of the year.

Ms Bhansali, whose Ariel International Equity Fund had been socking away cash for just such an occasion, said that she is buying in the most battered areas, including the one identified most often as the reason for the current market sell-off: China.