Schroders added to buy list despite manager’s value warning
Schroder’s Global Recovery fund has been added to The Adviser Centre’s positive watch list, despite manager Kevin Murphy stating that value has underperformed at its worst rate since the Great Depression.
UK GDP beats expectations, but growth is lacklustre
The UK economy exceeded forecasts as the gross domestic product (GDP) grew 0.5% in the last quarter of 2017, up from 0.4% in the third quarter.
Terry Smith blasts style critics; disputes equity bubble
Star fund manager Terry Smith has hit back at critics who believe the defensive growth stocks he invests in are overvalued and that equities are in a bubble.