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.
Chelverton adds European ‘modern value’ fund to its stable
Chelverton Asset Management is launching a European ex UK equity fund with what it calls a “modern value” investment approach.
Schroder Value team cuts number of positions and ups cash
The Schroder Value team has been cutting the number of stocks in its portfolios and raising cash levels owing to a lack of investable opportunities.
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.