Fund of the week: pick up unloved stocks

Schroder fund manager Richard Buxton reckons the current market crisis is the perfect opportunity to buy unloved financial stocks – and he’s put his money where his mouth is.

Investors are often advised to buy stocks when there's "blood on the streets". Having the conviction to act on this advice isn't always easy, but Richard Buxton reckons that the current crisis in the markets is the perfect opportunity to pick up some unloved financial stocks and he's put his money where his mouth is.

As the 43-year-old manager of the Schroder UK Alpha Fund tells Investment Adviser, "there are now some great chances to pick up stocks that have been unfavourably punished in the recent volatility".

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