Richard Buxton has been Head of UK Equities at Schroders for the past ten years and someone whose views on the UK stock market I have followed for nearly twice that time. His UK Alpha Plus Fund, a concentrated portfolio of some 30 large and midcap stocks, selected on the basis of in-house research, as risen in value by 163% since its launch in 2002 and ranks fourth of 191 funds in the All Companies sector over that period. This is his current take on where the markets sit.
James Anderson, CIO of the Scottish fund group Baillie Gifford from 2006 to 2010, has been managing the Scottish Mortgage investment trust for the past 11 years and is a regular contributor to Independent Investor. In our latest Q and A he offers this notably upbeat assessment of the current outlook for equity investors. Scottish Mortgage is a global generalist trust that has produced a total return of 102% over the past ten years.
Colin McLean founded the fund management house SVM Asset Management, based in Edinburgh, 20 years ago and was one of the professional investors featured in my book Money Makers. An experienced stockpicker, in this Q and A he describes his current thoughts on the markets and how he is positioning his portfolios.
Guy Monson is the London-based Chief Investment Officer and Managing Partner of Sarasin & Partners, the Swiss private bank and fund management business. Sarasin was one of the first fund companies to embrace global thematic investment. Guy is one of the professional investors whose views I monitor on a regular basis. In this Q and A, he makes the case for quality equities being the new “risk-free asset”.
Sebastian Lyon, the CEO of Troy Asset Management, is one of the coming talents in investment management. The firm he runs was recently given the mandate to run the Personal Assets Trust in Edinburgh, following the untimely death of Ian Rushbrook in October last year. Troy Asset Management started life with the task of running the family money of the late Lord Weinstock and other senior managers at GEC, from whom he inherited his conservative investment style and a focus on capital preservation. This Q and A describes his current positioning.