Schroder UK Mid Cap Fund in the top ten Investment Trusts of 2019

Schroder UK Mid Cap Fund Plc was one of the best performing Investment Trusts in 2019, according to FE Fundinfo data[1]. Co-managed by Andy Brough and Jean Roche, the Trust returned 58.7%[2], placing it sixth in the top ten performers.

The team analyse the investment universe for growth companies with strong management teams and a proven record, good future prospects and a strong business franchise within their markets.

Andy Brough, Head of Pan-European Small and Mid Cap Team, commented:

“In a rapidly-evolving world, small and mid cap companies are generally better able to capitalise on new opportunities as they tend to be more dynamic, and have a smaller base than their large counterparts have from which to achieve growth. M&A activity has started to pick up as the rest of the world recognises that the UK remains open for business and valuations remain attractive.

“Brexit continues to dominate the headlines but behind the scenes we are seeing a sharp pick up in business confidence in the recent surveys. This together with a likely fiscal expansionary budget on the 11th March should provide a solid backdrop for domestic growth in 2020.”



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[1] Trusts available to purchase in the UK. FE Fundinfo data: Performance figures are shown in Pound Sterling (GBP) unless otherwise specified. Total return performance figures are calculated on a bid price to bid price basis (mid to mid where applicable) with net income (dividends) reinvested. Ratios are calculated on a monthly return basis, figures are annualised and the fund's sector average is used as a benchmark where applicable.

[2] 2019 annual performance: 1 January – 31 December 2019