Schroders has decided to move away from the business cycle approach on its Core UK Equity fund managed by David Docherty.
The £124m fund, previously known as Cazenove UK Growth & Income, has followed the business cycle investment approach, where the managers attempt to identify turning points in the cycle and then focus on the types of companies they believe will benefit. This strategy was used by managers at Cazenove, which was acquired by Schroders in 2013. However, the group has said it will now be moving towards a "core, bottom- up investment approach" on the vehicle. Schroders' Hudson: How I overhauled UK Opps after Dean exit The fund's current objective is to achieve long-term capital and income ...
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