What Have Fund Managers Been Buying?

We look at which stocks the best European fund managers bought in August

Fernando Luque 6 September, 2021 | 12:39PM
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We have added Schroder European Recovery to the list of European Large Value funds. It is a relatively small fund, compared with the other selected funds, and is categorised as a European ex UK Equity fund. It receives a Bronze rating for the cheapest classes. Andrew Lyddon and Andrew Evans of Schroders' value team have managed the strategy since May 2018. Their deep value approach, which seeks to identify companies trading at significant discounts to their perceived fair values, starts with a series of valuation filters. Price relative to 10-year average earnings (cyclically adjusted price/earnings) is a key criterion, but they also look at other parameters, such as price/tangible assets.

large growth fund table

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Fernando Luque

Fernando Luque  is Senior Financial Editor at Morningstar Spain 

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