Schroders’ Global Recovery fund

Schroders’ Global Recovery fund

Schroders has launched an onshore version of Schroder ISF Global Recovery which will focus on investing in global equities with classic recovery characteristics.

Robin Stoakley, managing director of UK Intermediary at Schroders, said: “We believe there are very few funds that invest in this way, making this a unique offering in the UK retail market.

“The team has extensive experience investing in overseas stocks and we are confident that they will continue to deliver strong returns for clients.”

Key features

Managers: Nick Kirrage, Kevin Murphy and Andrew Lyddon

Style: It will mirror the investment philosophy of both the Schroder ISF Global Recovery and the Schroder Recovery Fund, which Mr Kirrage and Mr Murphy have co-managed since 2006.

The Schroder Recovery Fund is top quartile over a three, seven and 10-year period and second quartile over five years to 30 September 2015

Minimum investment: Not disclosed

Adviser view

Gavin Haynes, managing director at Bristol-based Whitechurch Securities, said: “Recovery funds tend to lend themselves to the value style of investing. For a while we have seen high quality names and growth areas of the equity market outperforming, which is perhaps creating an anomaly in valuations so that some stocks that would fit into the value/recovery camp are now potentially looking like an opportunity.

“We do rate the team running the Schroders fund and think they have a good track record. If you like their fund philosophy and share their view on the global outlook, it might be one to add to a wider portfolio, possibly as a satellite holding.”