Fund of the week: Profit from tumbling markets

This top-performing fund has been making hay out of this year's market volatility.

For most fund managers, the market's recent tumbles won't have been fun. Yet for Alex Grispos, manager of the Ruffer Equity & General Fund, they are ideal. Grispos is a "value investor, looking to buy out-of-favour stocks that he believes are undervalued", says Joshua Ausden on FE Trustnet. That means that this year's combination of a bull market interspersed with sharp sell-offs have been ideal. He's taken advantage of rising markets to build up a cash reserve that can be used when the economic environment worsens.

648_P26_Rutter-fund

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