Apple iPhone 7 and 7s smartphones are displayed during an event in San Francisco, California, U.S., on Wednesday, Sept. 7, 2016. Apple unveiled new iPhone models featuring a water-resistant design, upgraded camera system and faster processor, betting that after six annual iterations it can still make improvements enticing enough to lure buyers to their next upgrade. Photographer: David Paul Morris/Bloomberg
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WORLDVIEW: Tips from the top – two stocks that are “phenomenally” cheap
The Schroders team has been aggressively accumulating shares in Apple and IBM in anticipation of a substantial re-rating. Partly because they will be re-assessed as the swing back to value investing gathers momentum.
By Alec Hogg
A benefit of being in the world's financial centre is the access it affords to talent of the very highest quality. In my line of work, that's rather important.
Yesterday was an example when I went along to a presentation at the venerable Schroders, a financial institution that is still family-owned a couple of centuries since its founding.
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