We have moved the Schroder US Mid Cap fund from Established to Recommended.

The fund was previously placed on our Established list because the size of the strategy’s asset base had grown to the point that the firm had stopped marketing the fund.  As part of their ongoing review process, Schroders now believes that the strategy has headroom to grow its assets under management.  Therefore, in discussion with Schroders, we have moved the fund to our Recommended list.

The fund is managed by Bob Kaynor, Head of US Small Cap and Mid Cap Equities.  The team members are firm believers in the value of original research, through which they seek to identify and exploit share price anomalies.  They invest in three types of companies – mispriced growth, steady eddies and turnarounds - in order to gain exposure to different sources of alpha.  They invest in small-cap as well as mid-cap companies in this portfolio, despite the fund’s name.

Mr Kaynor is passionate about the long-term opportunities in the asset class, but operates with a strong sense of risk.  The fund can be viewed as a risk-aware way of accessing a higher risk asset class and it also offers diversification when used alongside larger-cap, mainstream offerings in a US equity blend.