Following a sector review, we have removed Schroder European from our Recommended list.  The fund no longer features in our service.

We have taken this decision because the fund’s relative performance outcome has not met expectations.

By design, this is a stock-picking fund and does not have a structural style bias.  It is managed by Martin Skanberg, who draws upon Schroders’ well-resourced team of sector analysts.  The approach is described as “alpha” driven, not “beta” driven, and with this in mind, an idiosyncratic outcome is to be expected.  However, we must also acknowledge the fund’s performance objective, which is to outperform its index over a three to five-year period, and this has not been achieved.

Style-wise, we categorised this fund as “blended”.   For further information about other funds that feature in the IA Europe excluding UK sector, please visit our IA Sector Overview page.