Managers' bargain buys as FTSE slumps

The last few weeks have seen unprecedented market volatility as investors take fright at the ongoing debt crisis in the eurozone and a series of weak economic data from the US.

The FTSE 100 and the FTSE 250 have both fallen about 16% since the start of the month as investors piled into gilts, treasuries, and gold. Equity managers, however, are using the sell-off as an opportunity to bargain hunt, picking up quality stocks at compelling valuations. Here they give us their best bargain stockpicks. Nick Train Co-founder, Lindsell Train Where we have cash we have been happy to invest it, not all in one go but when markets have been weaker. Everything we have bought in the last two weeks you could call a mistake because the market has moved lower since then ...