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Schroder European Smaller Companies Z

Bestinvest LogoEuropean (excluding UK) small and mid-cap equity fund.

PRICE (INC)

149.6p

PRICE (ACC)

163.5p

INITIAL CHARGE

0%

ANNUAL MANAGEMENT CHARGE

0.75%

ONGOING CHARGE

0.94%

YIELD

0.7%

1 YEAR
-20.76%

Prices as at 18 Aug 2022.

We don’t currently provide commentary on this fund.

Past performance is not an indication of future performance.

Capital at risk.

The objective is capital growth by investing in Continental European smaller and medium sized companies. The manager follows a fundamental approach to selecting equities and has no pre-determined style bias. The emphasis is on companies whose share price is either cheap relative to growth prospects or asset value. The manager looks at a company’s ability to create value for shareholders and on companies operating in industries where demand is greater than supply, giving them pricing power.

Fund summary

SectorEuropean Smaller Companies
StructureUNIT TRUST
LaunchedNovember 2011
Size£126m
Yield0.7%
Charging BasisIncome
Dividends paid31 Jan

Charges

Standard Initial Charge0%
Initial Charge Via BestInvest0%
Additional Bid/Offer Spread0%
Annual Management Charge0.75%
Ongoing Charges Figure0.94%

Investment Process

The fund’s investment objective is to achieve capital appreciation through investment in smaller European companies. The portfolio is constructed from the bottom up with little regard to sector or country exposure. The managers believe broker research on mid and small cap companies is limited, and so company visits are a key part of the investment process. Quantitative screens are applied to focus research. The managers use their fundamental research to divide the investable universe into 3 types of companies: "A" companies operating in industries where demand exceeds supply; "B" companies - cyclical stocks or franchises in transition, where the balance of supply and demand varies over time; "C" companies operating in industries where supply exceeds demand. The portfolio is focused around “A” companies, but may also seek trading opportunities in B companies. C companies are avoided.

The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.

Past performance is not a guide to future performance. View full risk warning