Woodford skews equity income funds towards overseas earnings while Buxton adds to domestic-sensitive names
Two of the leading UK equity managers are split on the attractions of domestic stocks as markets struggle through the summer. Invesco Perpetual's Neil Woodford has moved his multi-billion pound income portfolios towards overseas earnings as he becomes increasingly bearish on the UK economy. Calling the UK market "pregnant with risk", he said current conditions are the worst they have been for 15 years. Meanwhile, Schroders' Richard Buxton is currently trimming his exposure to resources in favour of domestic names, claiming they present good opportunities in times of recession. Manag...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
