1970
First Recovery Fund established
150 years
Cumulative experience across diverse team
2,500+
Value archive entries and full time data scientist
Why Schroders for value?
The Schroder Global Value Team is a specialist value investing boutique within Schroders. Made up of ten individuals that have chosen to dedicate their careers to fundamental value investing, we offer public market equity strategies across a suite of UK, European, Global & International products.
Schroders value investing heritage stretches back over fifty years, meaning our team carries the torch for one of the longest-standing fundamental value franchises in the industry. We focus on long-term returns using a disciplined, rigorous and repeatable process. The key inputs to every investment decision we've made for more than a decade have been stored in our Value Archive; providing a rich data set of >2,500 entries that we can use to try and incrementally improve our decision-making process.
Schroders’ family ownership structure and long-term perspective have fostered the stable and supportive environment all value investors need to thrive, but only a few value investors are fortunate enough to get. Operating as a focused boutique within a global organisation enables us to concentrate on investment decisions and client outcomes, while benefiting from the depth of Schroders’ resources, including a global network of over 200 investors and support from specialist resources in product, implementation, trading, marketing & HR, a combination we see as a significant advantage.
For clients looking for authentic, disciplined and consistent value investing, to both pursue outstanding long-term returns and serve as dependable source of portfolio diversification, we are committed to delivering exactly that.
"Our mission is to deliver the best returns for our clients through authentic value investing, grounded in excellence, teamwork, and continual improvement.”
Simon Adler - Head of Value Team
Authentic value investing
Disciplined and rigorous analysis
Genuine active management
Authentic value investing
On the Schroders Value Team, fundamental value investing is our passion. Unashamedly fundamental and willing to swim against the tide of short-term market sentiment, our approach is firmly rooted in bottom-up analysis of companies to identify ‘margin of safety’ - securities trading significantly below intrinsic value. Style discipline is paramount, and we wear it as a badge of honour. By only ever paying conservative prices - relative to a company’s earnings power or asset value – we seek to reduce our reliance on speculative forecasts and exploit persistent market inefficiencies to grow our client’s capital over time.
- Contrarian and fundamental
- Margin of safety in every investment decision
Disciplined and rigorous analysis
To ensure these principles are as strong in practice as they are on paper, our team follows a rigorous, disciplined and repeatable stock-picking process. We are a team of bottom-up analysts at heart; with both portfolio managers and analysts remaining at the coal face throughout their careers and spending the bulk of their time engaged in fundamental analytical work. Through the application of our 7 Red Questions framework – a checklist that has been specifically designed for contrarian value investing - we aim to differentiate between genuinely mispriced businesses and ‘value traps’. And while we believe our team’s philosophy is enduring & timeless, our methods continue to evolve and improve. We increasingly aim to use data to improve our efficiency, examine our decision-making, and ensure we learn systematically from our mistakes.
- Intensive bottom-up analysis across the team
- 7 Red Questions, differentiating opportunity from value traps
- Data-driven evolution and learning
Genuine active management
Finally, we are genuine active managers who reject the skewed incentives that often push professional investors to tether themselves to pro-cyclical benchmark weightings. Instead, we operate with a common sense, absolute-risk mindset—balancing high-conviction ideas with the construction of robust, diversified portfolios. As a team, we use the same definition of risk with our client’s portfolios as we do with our own money, seeking to avoid the permanent loss of capital by buying securities with an embedded margin of safety and diversifying our exposures within the cheapest parts of the market. We believe that a commitment to genuine active management is vital to deliver authentic value exposure through the cycle; and is the least clients should expect when paying for actively managed funds.
Proven, bottom-up investment process
Our investment process begins with disciplined valuation screening to help us identify mispriced companies. From there, we undertake detailed fundamental analysis - reconstructing financials over ten to fifteen years - to understand a company’s true economic performance through time and across different phases of the economic cycle. We then apply our 7 Red Questions: a bespoke checklist aimed at uncovering common reasons why a stock might appear cheap on a screen but fail to recover. This involves rigorous analysis of a company’s historical earnings, structural risks, cash conversion, balance sheet strength, business quality, and ESG considerations. The insights from this process are distilled into an assessment of risk and reward and we seek to only invest when the balance is compelling.
Portfolios are constructed with conviction, but with a focus on optimal diversification and a desire to both protect and grow our client's capital over time.
All research and decision-making is documented in our Value Archive - supporting continuous learning and improvement while staying anchored to our core value investing principles
Video interview with Simon Adler
Simon Adler sits down to discuss changes in the Value Team, the continuing quest for marginal gains through process evolution and the diversified opportunities in value stocks
Explore our fund offering
Meet the team
We foster a collaborative culture where rigorous debate is encouraged and collective improvement matters more than individual credit. Supported by our shared analytical framework and Value Archive, this helps us make better decisions.