Buxton's sector beating run

Schroder's UK Alpha Plus springs from bear market with top-quartile returns

When Schroders launched Richard Buxton's UK Alpha Plus fund, Britain was still in the middle of three-year bear market. Five years on, and the fund representing Buxton's best ideas has weathered the end of the equity slump and maintained its consistent first-quartile performance. The vehicle was conceived to invest in 30 to 35 stocks where the former Barings manager saw 10% to 15% upside on a 12- to 18-month viewpoint. For liquidity reasons, around 75% of assets are invested in FTSE 100 stocks, with the remainder in the FTSE 250. "My idea when the vehicle was launched was not to run a f...