Schroder Recovery X Acc
|Bid Price||GBX 59.28||Offer Price||GBX 59.65|
|Mid Price||-||Day Change||GBX +0.09 (0.15%)|
|Price Date||9 Dec 2016||Crown Rating|
|Shares Class||Inc.||Yield||2.56 %|
|Total Expense Ratio||0.00||Fund Size||910,090,300.00|
|Launch Date||05/05/1970||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.00||Sector||IMA UK Equity Income|
|Min Investment (£)||25,000,000.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00BQVCCX36||Min TopUp (£)||10,000,000.00|
The scheme's investment objective is to achieve capital growth for investors through investment in companies that have suffered a setback. The scheme invests primarily in UK quoted shares. The investments are selected from those companies that have suffered a setback in terms of profits or share prices, but where the management and the prospects are believed to be good. The fund may also invest in collective investment schemes, derivatives, warrants and money market instruments.
Kevin Murphy, CFA is a Specialist Value UK Equity Fund Manager with 13 years investment experience. Previously he was a sector analyst for Pan European Construction and Building Materials. His Investment career commenced in 2000 at Schroders. He is a Chartered Financial Analyst and he holds a Degree in Economics from Manchester University.