Buxton fund set for 1960s conditions

Richard Buxton's forthcoming Schroders focused UK equities fund is designed specifically to cope with equity market conditions similar to those last experienced in the 1960s. The charging details of the fund, which will be called Schroders UK Alpha, are to be revealed next week by the group but Buxton believes markets are set to trend sideways during the next decade. It is, he believes, increasingly dangerous to use events of the 1980s and 1990s as the basis for predicting future market behaviour. He said: 'The environment now is like the early 1960s with low rates and low unemployment....