Schroders' Noffke cuts 'value trap' stocks in Income portfolio
Oil exposure reduced in latest reshuffle
Sue Noffke of Schroders
Sue Noffke, head of UK equities at Schroders, sold out of BT in the Schroder Income Growth fund in January in the belief it had the potential to become a value trap.
Noffke said she had been "weeding out" positions in the trust where her "degree of confidence has ebbed". Having identified BT as one of those positions, Noffke sold out of the holding in its entirety...
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