schroders

Home Retail Group - the UK domestic stock backed by Schroders' Richard Buxton and Fidelity's Sanjeev Shah - has reported a 60% drop in profits at its Argos chain, sending shares lower this morning.

Schroders' head of UK equities Richard Buxton said the UK's much-feared double-dip recession is ‘irrelevant' and not cause for panic.

Industry commentators forecast an even gloomier second quarter after the Office for National Statistics revealed the UK slid back into recession in Q1, with negative growth of 0.2%.

Schroders is preparing to launch a fund of funds investing in a range of the group's own Maximiser and fixed income portfolios.

The latest addition to Schroders' bond team has been adding Spanish government bonds across several portfolios in the view Spain is too big to fail.

Schroders has launched a Luxembourg-domiciled Global Multi-Asset Income fund for recent hire and multi-asset head Nicolaas Marais.

The head of asset allocation at Schroders Private Bank has cut back clients' exposure to gold amid fears the price has further to drop.

SWIP multi-manager head Mark Harries is moving back into equities, after halving his exposure following last August's sell-off.

As data from China shows growth is already slowing, managers assess the government's response and the implications for investors.

CONTRARIAN