Schroders' Recovery benefits from rally

"Pure recovery" stocks have paid off for Kirrage and Murphy

Schroders duo Nick Kirrage and Kevin Murphy are continuing to position their top-performing Recovery fund for further market gains, expecting the sharp recent rally to persist in the near term. A number of positions in "pure recovery" stocks such as RBS and Taylor Wimpey have paid off for the pair in recent months, with their Schroder Recovery fund climbing 45.5% over the past three months to 8 June. The strong recent performance has guided the Recovery vehicle to second out of 307 funds in the IMA UK All Companies sector over one year, down just 6.3% against the average 23.9% decline, ...