Test - Could you be a value fund manager?
Celebrating 10 years of managing the Schroder Recovery Fund.
21 July 2016 marked the 10 year anniversary of Nick Kirrage and Kevin Murphy running the Schroder Recovery Fund.
In that time they have managed to provide a return of over 138% for investors, placing them in the top 10% of almost 200 funds in the IA UK All Companies sector^. They did this by following a true ‘value’ strategy: seeking out-of-favour stocks that offer good value compared to their long-term earnings potential.
Test your value management skill by taking our 10 question test. If you are a regular follower of The Value Perspective, you should have no trouble with the answers.
^Source: FE Analytics, bid to bid with net income reinvested to 21 July 2016, Z Acc share class, net of fees GBP. Past performanace is not a guide to future performance and may not be repeated.
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 amount originally invested
- Funds that invest predominantly in the companies of one country or region can carry more risk than funds spread over a number of countries or regions
- The fund can use derivatives for investment purposes. These instruments can be more volatile than investment in equities or bonds
- 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
- The fund is not tied to replicating a benchmark and holdings can therefore vary from those in the index quoted. For this reason the comparison index should be used for reference only
- The fund holds investments denominated in currencies other than sterling, changes in exchange rates will cause the value of these investments, and the income from them, to rise or fall.
Fund Manager, Equity Value
I joined Schroders in 2001, initially working as part of the Pan European research team providing insight and analysis on a broad range of sectors from Transport and Aerospace to Mining and Chemicals. In 2006, Kevin Murphy and I took over management of a fund that seeks to identify and exploit deeply out of favour investment opportunities. In 2010, Kevin and I also took over management of the team's flagship UK value fund seeking to offer income and capital growth.
Fund Manager, Equity Value
I joined Schroders in 2000 as an equity analyst with a focus on construction and building materials. In 2006, Nick Kirrage and I took over management of a fund that seeks to identify and exploit deeply out of favour investment opportunities. In 2010, Nick and I also took over management of the team's flagship UK value fund seeking to offer income and capital growth.