Strong performance from Debenhams and Lloyds Banking Group have helped drive returns for Schroders' Richard Buxton this year, and the manager is holding on to all his mining positions despite a recent slump in prices.
Discussing the performance of his Schroder UK Alpha Plus fund during the first nine months of the year, Buxton said retailer Debenhams has now overtaken two stocks which soared following takeover bids - Misys and Logica - as his top performing stock of the year so far. Debenhams shares rose 75% in the first three quarters of the year and the rally has continued into October. The shares now stand up 81% year-to-date following a strong trading update issued at the end of September. Housebuilder Taylor Wimpey and Lloyds Banking Group complete Buxton's top five outperformers. "The mark...
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