Schroders' Kyrklund: Europe's difficult outlook merits 'quality-oriented strategy'

1 What has driven the fund's strong outperformance over the past five years? As dreadful as 2008 was, it also left markets looking extremely cheap and provided a major opportunity to accumulate equities at attractive prices. In addition, we also benefited from very attractive valuations in credit, particularly in high yield debt. Therefore, an emphasis on valuation is what has driven our performance. 2 What is your investment strategy and how rigidly do you stick to it? Our emphasis is on harnessing the long-term return potential of equities, while allowing some flexibility to mak...