schroders

Online grocer Ocado has been forced to cut its IPO price range after failing to place shares at the bottom of its 200p to 275p original offer price.

GERMANY TO EXIT EURO

Schroders' head of UK equities Richard Buxton has completely sold out of Tesco in his £1.9bn UK Alpha Plus fund after seven years holding the stock, replacing the retailer with a mining IPO.

Schroders' multi-asset managers have begun cautiously returning to European equities, using assets taken from the US.

EMERGING MARKETS

Managers find returns in notoriously turbulent Japan sector, with Nathan Gibbs' Schroders Japan Alpha Plus fund outperforming in rising and falling markets

Schroders' Richard Buxton will snub the high-profile Ocado IPO, saying the 200p to 275p per share price is far too excessive.

Schroders multi-manager Andrew Yeadon has pared back exposure to higher risk assets across his three portfolios, believing the global recovery will be more stunted than previously anticipated.

The Shanghai Composite index slumped to a 15-month low today after data pointed to slowing growth and inflation concerns.

While global economic strife sparked a recent sell-off in UK equities, Schroders' Richard Buxton says it would be unwise of investors to turn their backs on stocks now.