Schroders duo take big views to beat bear

Schroder Income managers Nick Purves and Ian Lance discuss playing the bear market of 2008-09 and the opportunities that lay ahead

With no exposure to the mining sector and a high exposure to financials, the Schroder Income fund’s managers are not afraid of taking big views within the portfolio. In an interview with Asset.tv Nick Purves and Ian Lance, managers of the Schroder Income fund, talk about how they played the bear market of 2008-09, where they see opportunity in the market and why they are sceptical about the price investors seem willing to pay for Asian growth. In 2009, this fund was first quartile, first quartile, first quartile, fourth quartile. What happened? Ian Lance (IL): Well, the first three q...