Managers To Debate Growth, Value Styles Morningstar annual meeting also will examine low-fee investing.(MAKING MONEY IN MUTUALS)(INVESTMENT TRENDS)

Byline: Paul Katzeff

Still hunkered down in your foxhole? You're not alone. A lot of investors continue to take a wait-and-see attitude as the market makes its cautious rebound.

A year after the Nasdaq meltdown triggered a broader market slide, investors disagree about how soon the market will throttle up in earnest.

Against that backdrop, the unofficial theme to this year's Morningstar Investment Conference seems to be how to follow a wary, balanced path to investment gains. The 13th annual conference, held this week in Chicago, features more value-oriented panels than in recent years.

Growth managers will be on hand too. But they'll be discussing growth's role in a portfolio. Gone, at least for now, are the gung-ho …