Schroders launches European equities fund

Schroders has launched a high conviction European equities fund for head of European equities Rory Bateman.

The 35-stock best ideas portfolio will have a large cap bias and will not be constrained at either the sector or country level. It will be structured as a Ucits III fund and will sit within the Schroders ISF fund range. Bateman says despite peripheral Europe continuing to face substantial difficulties, he expects the core of Europe to recover this year. "Corporate profitability and cash generation, particularly among larger companies, is strong following a period of excellent cost management during the downturn,” says Bateman. “European equity market valuations are also attractive,...