Schroder UK Growth: Silver

INVESTMENT TRUST RESEARCH UPDATE: Trust rating reinstated at Silver.

Ruli Viljoen 29 November, 2013 | 12:43PM
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We have reinstated our Silver rating at Schroder UK Growth (SDU) following the change in investment manager in July. Previously the rating was Under Review, following the departure of Richard Buxton from the firm. Julie Dean has taken charge and, while her time here—and at Schroders—is short, she brings a long and successful track record in the management of UK equities at Cazenove UK Opportunities. She is using the same approach at both funds—she invests on an unconstrained basis and seeks opportunities across the market-cap spectrum. It’s a different approach at the investment trust from her predecessor’s, but we think shareholders will continue to be well-served and our confidence is sufficiently high to reinstate the Silver rating.

 

 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Baillie Gifford UK Growth Trust Ord175.00 GBX0.00Rating

About Author

Ruli Viljoen

Ruli Viljoen  is Head of Manager Selection, Morningstar UK

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