Large-cap and tech reigned supreme during the pandemic, meaning some areas have been neglected While value is expected to outperform growth in 2021, investors need to maintain a balanced approach between the two to mitigate the risk of incorrectly betting on one style, according to T Rowe Price. Yoram Lustig, head of multi-asset solutions at the US investment company, says as the rollout of coronavirus vaccines paves the way for a post-pandemic recovery, global GDP growth in 2021 – buoyed by unprecedented fiscal and monetary stimulus – may potentially be the strongest recorded in decades. As such, in an environment in which interest rates, inflation and bond yields are all rising, and commodity and energy prices are increasing, he said investors would be right to consider the opportunities in those areas of the market most neglected during the pandemic; namely small caps and value stocks.