Top UK managers took advantage of erratic markets last week, using cash positions to hoover up stock...
Top UK managers took advantage of erratic markets last week, using cash positions to hoover up stocks at extraordinarily cheap valuations. The FTSE 100 fell below 4,000 several times on Friday, as fears that the global economy will fall into recession caused panic selling. However, Schroders' Richard Buxton treated the volatility as a buying opportunity as he believes markets simply cannot continue to deteriorate. "This has got to be the worst of it," he added. "The MSCI World has fallen nearly 30% in 15 trading days - it simply cannot go on." Buxton has been topping up his portfo...
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
