The mark of a good value investor is a contrarian mindset and a long-term investment horizon.
Value investing is the art of buying stocks which trade at a significant discount to their intrinsic value. Value investors achieve this by looking for companies on cheap valuation metrics, typically low multiples of their profits or assets, for reasons which are not justified over the longer term. This approach requires a contrarian mindset and a long term investment horizon. Over the last 100 years a value investment strategy has a consistent history of outperforming index returns across multiple equity markets.
We are a team of seven investment professionals who work together on Equities desk in the Value Investment team at Schroders. Over the past decade we have implemented a value investment strategy, a contrarian and proven approach to investing. The value investment team is responsible for over £12bn assets (as at 30 June 2015), managed in a disciplined value style.
- Nick Kirrage, Fund Manager, Equity Value
- Kevin Murphy, Fund Manager, Equity Value
- Andrew Lyddon, Fund Manager, Equity Value
- Ian Kelly, Fund Manager, Equity Value
- Andrew Williams, Investment Specialist, Equity Value
- Andrew Evans, Fund Manager, Equity Value
- Simon Adler, Fund Manager, Equity Value
Equity value funds
We run six funds across three major geographies targeting income and/or capital growth through a distinct value approach.
- Schroder Income Fund
- Schroder Recovery Fund
- Schroder ISF Global Recovery
- Schroder Global Recovery Fund
- Schroder Global Equity Income Fund
- Schroder ISF Global Equity Yield
- Schroder ISF European Equity Yield
- Schroder ISF European Value Fund
Value investing is a time tested strategy - it should outperform the market over time by buying stocks for less than their worth. In this series of short videos we explain the most important factors we look for in delivering a consistent and successful value investment strategy.
Series 1 - Value Perspective on...
- Value Perspective on: Profits
- Value Perspective on: Valuation (Part 1)
- Value Perspective on: Valuation (Part 2)
- Value Perspective on: Risk
- Value Perspective on: IPOs
- Value Perspective on: Economics
Series 2 - A value investor's 'how to' guide
What are the risks?
- Past performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested
- Some funds invest solely in the companies of, or in property located in, one country or region. This can carry more risk than investments spread over a number of countries or regions
- Investments in smaller companies can be less liquid than investments in larger companies and price swings may therefore be greater than in larger company funds
- Investors in the emerging markets and the Far East should be aware that this involves a high degree of risk and should be seen as long term in nature
- Exchange rates may cause the value of investments denominated in currencies other than sterling, and the income from them, to rise or fall