Overview
Schroder UK Mid Cap takes a stock specific approach with an emphasis on dynamic growth companies. Sector weightings play a secondary role, resulting naturally from stock selection. Fundamental research and engagement with investee companies forms the basis of each investment decision taken by the manager. The company will predominantly invest in companies from the FTSE 250 Index, but may hold up to 20% of its portfolio in equities and collective investment vehicles outside the benchmark index. The company has the ability to use gearing for investment purposes up to 25% of total assets.
You can access the company’s website here
SCP : Schroder UK Mid Cap
Fundamentals
Price
Research History
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21 Apr 2023 1 min read
Interview with Jean Roche from Schroder UK Mid Cap Fund
In this week’s show, James Carthew spoke to Jean Roche from Schroder UK Mid Cap Fund. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news, click here. If there is a guest speaker you’d particularly like to hear from, please email us on [email protected]. Additionally, if […]
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05 Jan 2023 90 min read
QuotedData’s Economic and Political Monthly Roundup January 2023
Economic and Political Monthly Roundup Investment companies | Monthly | January 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
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06 Oct 2022 9 min read
QuotedData’s Investment Companies Roundup – October 2022
Investment Companies Monthly Roundup Kindly sponsored by Baillie Gifford and abrdn October 2022 Monthly | Investment companies Winners and losers in September 2022 September’s median total share price return was -6.4% (+0.4% in August). The median NAV return over September was -1.2%. See Appendix 1 for a breakdown of how all the sectors have […]
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07 Jul 2020 8 min read
QuotedData’s Economic Roundup – July 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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10 Jan 2020 8 min read
QuotedData’s economic roundup – January 2020
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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07 Oct 2019 5 min read
QuotedData’s investment companies roundup – October 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford New research Over September, we published notes on India Capital Growth, Jupiter Emerging & Frontier, International Biotechnology Trust, JPMorgan Russian Securities, Civitas Social Housing, Montanaro European Smaller Companies and JLEN Environmental Assets. We also launched a monthly real estate roundup, beginning with reviews of August and September. In […]
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05 Jul 2019 6 min read
QuotedData’s economic roundup – July 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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22 Feb 2019 1 min read
QuotedData’s investment companies roundup – February 2019
QuotedData’s investment companies roundup – February 2019 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2019. Kindly sponsored by Baillie Gifford. December’s sharp sell-off in technology and growth stocks reversed somewhat in January. This was […]
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18 Jan 2019 1 min read
QuotedData’s economic roundup – January 2019
QuotedData’s economic roundup – January 2019 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of […]
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11 Jul 2018 1 min read
QuotedData’s Economic round up – July 2018
QuotedData’s Economic round up – July 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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12 Jul 2017 2 min read
QuotedData’s economic round up – July 2017
QuotedData’s economic round up – July 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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27 Oct 2016 1 min read
Quarterly investment companies roundup – Third quarter 2016
Q3 saw the market adapt to life post the UK’s EU referendum. Sterling continued to fall but most stock markets stabilised and discounts narrowed across most sectors. While the US election is dominating headlines, it does not seem to be having much impact on markets so far. q3-quarterly-roundup
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13 Oct 2016 1 min read
QuotedData investment companies roundup – October 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of September 2016. october-investment-companies-roundup
News
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26 Mar 2025 2 min read
Schroder UK Mid Cap Fund announces management fee reduction, continuation vote and buyback policy
Schroder UK Mid Cap Fund (SCP) has announced a number of strategic initiatives, including a management fee reduction, continuation vote and buyback policy designed to further strengthen the company’s investment proposition and deliver value for all of its shareholders. Management fee reduction The board has agreed a management fee reduction with Schroder Unit Trusts Limited. […]
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27 Feb 2025 1 min read
Saba’s Schroder UK Mid Cap requisition was invalid
On 12 February 2025, the board of Schroder UK Mid Cap Fund announced that it had received a requisition notice from a nominee acting on the instructions of Jefferies LLC, a prime broker acting on behalf of Saba Capital Management, L.P. Following a review of the requisition, in conjunction with the company’s registrars and subsequent […]
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21 Feb 2025 5 min read
Keep it closed! – closed end structures work, here’s some proof
It has been another eventful week in the investment company sector. My colleague Richard covered the launch of Achilles Investment Company here and I wrote about it for Citywire, which you can read here. There is an enormous mismatch between NAVs and share prices in the alternatives sectors. We have done our bit to try […]
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14 Feb 2025 1 min read
Edinburgh Worldwide rejects Saba, monumental waste of time and money
At today’s meeting of Edinburgh Worldwide shareholders that was requisitioned by Saba Capital, Saba’s proposals were overwhelmingly rejected by 63.8% to 36.2%. The turnout at the meeting was 64.7%. Edinburgh Worldwide’s chair Jonathan Simpson-Dent said: “Edinburgh Worldwide’s shareholders have spoken: they have rejected Saba Capital’s proposal for a fundamentally different strategy based on fundamentally different […]
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13 Feb 2025 2 min read
QuotedData’s morning briefing 13 February 2025 – AJOT, ESO, AERI, SSIT, GPE, HLCL, SCP
In QuotedData’s morning briefing 13 February 2025: AVI Japan Opportunity (AJOT) says that Andrew Rose and Thomas (Tom) Yoritaka have joined its board as new non-executive directors. Andrew is a Japanese speaker with over 38 years’ experience specialising in Japanese equities and held various senior roles at Schroder Investment Management, where he spent 11 years […]
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10 Feb 2025 4 min read
Saba’s back again, now it wants to open-end four trusts
Here we go again – Saba published a press release this afternoon. [Despite its embarrassing failure to seize control of a number of trusts, Saba doesn’t seem to have got the message that shareholders in these trusts quite like what they have and are not looking for change. In the press release below, Saba claims […]
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03 Feb 2025 3 min read
QuotedData’s morning briefing 3 February 2025 – EWI, SSIT, CBA, TENT, SCP, SERE, SOHO
In QuotedData’s morning briefing 3 February 2025: Edinburgh Worldwide (EWI) has made an announcement in relation to its upcoming requisitioned general meeting and AGM, both of which are being held on 14 February 2025, in which it urges shareholders to “vote twice to stop Saba”. It says that shareholders can do this by voting against […]
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28 Nov 2024 4 min read
Focus on strong balance sheets holds back relative returns for Schroder UK Mid Cap
Schroder UK Mid Cap results for the 12 months ended 30 September 2024 came in behind its benchmark. The NAV total return for the period was 17.3% versus 21.4% from the FTSE Mid 250 ex Investment Trusts Index. The share price total return was +17.5%. The discount widened marginally, from 12.0% at the beginning of […]
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13 Dec 2023 3 min read
Impressive year for Schroder UK Mid Cap Fund
Schroder UK Mid Cap Fund (SCP) announced its annual results for the year ended 30 September 2023. The company’s NAV total return for the year was 17.6%, outperforming the benchmark which produced a total return of 13.6% over the year. The share price total return was 17.4% due to a very small widening of the […]
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08 Dec 2023 5 min read
QD view – your vote will count in Arb fight
Discounts in the investment trust sector are almost double their average[1], with the combination of cost disclosure rules and rising interest rates creating widespread selling pressure. It is perhaps not surprising that this has caught the attention of activist investors who spot an opportunity. Saba Capital is the latest arbitrageur on the block, thought to […]
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15 Aug 2023 1 min read
QuotedData’s morning briefing 15 August 2023 – SCP, WTAN, APEO
Schroder UK Mid Cap (SCP) announced the appointment of Harry Morley as an independent non-executive director of the company, effective from 1 September 2023. Mr Morley has also been appointed a member of the Audit and Risk, Management Engagement, Nomination, and Remuneration Committees. Witan Investment Trust (WTAN) released its half year results for the period […]
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06 Dec 2022 3 min read
Schroder UK Mid Cap says low valuations hint at brigher future
Schroder UK Mid Cap’s results for the 12 months ended 30 September 2022 reflect the headwinds facing the UK over that period. The NAV total return for the year was -30.0% compared to -26.8% from the benchmark (the FTSE 250 ex Investment Trusts Index). The share price total return over the same period was -32.5%. […]
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29 Jun 2022 2 min read
QuotedData’s morning briefing 29 June 2022
In QuotedData’s morning briefing 29 June 2022: Tufton Oceanic Assets (SHIP) has applied to introduce an additional market quote for its shares on the London Stock Exchange denominated in GBP Sterling, which will appear alongside the existing US Dollar market quote. There will be no changes to the legal form or nature of SHIP’s shares […]
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16 Dec 2021 3 min read
Schroder UK Mid Cap benefits from narrower discount
Schroder UK Mid Cap Fund has published its annual report for the year ended 30 September 2021. The NAV total return for the year was 41.8%, just ahead of the 40.9% produced by the 250 index (ex investment trusts). However, a narrowing discount (from 19.4% to 7.8% over the year) produced a share price total […]
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22 Jun 2021 5 min read
Share price boost for Schroder UK Mid Cap after refinements to strategy
Share price boost for Schroder UK Mid Cap after refinements to strategy – Schroder UK Mid Cap (SCP) has announced its results for the six months to 31 March 2021, during which time its NAV was up 23.9% compared to a slightly higher 28.8% return from its FTSE 250 ex Investment Trusts index. However the board […]
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21 Dec 2020 3 min read
Schroder UK Mid Cap shows resilience against its benchmark
Schroder UK Mid Cap (SCP) reported annual results to 30 September 2020, with a total return of -7.7% in NAV terms representing better performance than the benchmark’s -15.3%. According to co-managers, Jean Roche and Andy Brough, the outperformance of the benchmark was due to stock selection, with gearing having a small negative effect. They note that […]
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09 Oct 2020 2 min read
QD view – Time to back unloved Britain?
Time to back unloved Britain? One bit of disappointing news this week was that the UK’s economic growth in August was 2.1%, below expectations and leaving economic activity still well-below pre-pandemic levels. The apparent second wave is triggering renewed restrictions and seems set to act as a brake on growth over the winter. On top […]
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20 Dec 2019 1 min read
QuotedData’s other news 20 December 2019
In QuotedData’s other news 20 December 2019 Polar Capital Global Healthcare reported a -1.2% total return on NAV for the year ended 30 September 2019, behind the MSCI ACWI Health Care Index which returned 3.1%. The return to shareholders was -1.3%. The dividend has been upped to 2.1p from 2p. The biggest drags on performance were healthcare […]
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18 Dec 2018 2 min read
Schroder Mid Cap out of favour
Schroder Mid Cap out of favour – Schroder Mid Cap’s chairman says that it is disappointing that the fund’s performance for the year ended 30 September 2018 was more muted than the prior year due in part to mid cap shares not being in favour with investors. The benchmark delivered a total return of 4.2%. […]
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20 Dec 2017 2 min read
Schroder UK Mid Cap discount stubbornly wide
Schroder UK Mid Cap discount stubbornly wide – Schroder UK Mid Cap Fund says that, for the year ended 30 September 2017, its net asset value total return of 21.0% outperformed the benchmark by 6.8%. The dividend for the year is 13.10 pence per share, an increase of 16.4%. Talking about the discount, the chairman said “It […]
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21 Dec 2016 4 min read
Schroder UK Mid Cap holdings in UK domestically focused stocks drives underperformance
Schroder UK Mid Cap Fund has announced its annual results for the year ended 30 September 2016. During the period, the Company’s net asset value produced a total return of 6.5%, which it says compared to a total return of 8.6% for its benchmark, the FTSE 250 (ex-Investment Companies) Index. The trust’s chairman (Eric Sanderson) […]
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27 Sep 2016 1 min read
Jean Roche appointed co-manager of Schroder UK Mid Cap
Schroder UK Mid Cap Fund has announced that Jean Roche, a fund manager in Schroders’ Pan-European Small and Mid Cap team, has been appointed as co-portfolio manager, joining Andy Brough, with immediate effect. This follows Rosemary Banyard’s retirement earlier this year. Jean joined the team in January 2016 from Hargreave Hale where she was most recently a […]
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28 Jul 2016 6 min read
F&C Managed Portfolio beats benchmark despite widening discounts
F&C Managed Portfolio reports that, for the company’s financial year to 31 May 2016, the NAV total return (i.e. adding dividends paid to capital performance) was -4.8% for the Income shares and -4.5% for the Growth shares which represented outperformance against the -6.3% total return for the FTSE All-Share Index, the benchmark index for both […]
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23 Dec 2015 1 min read
Oil prices hit Schroder UK Mid Cap
Over the year to the end of September 2015, Schroder UK Mid Cap Fund’s net asset value produced a total return of 8.2%, compared to a total return of 12.7% for its benchmark, the FTSE 250 (ex-Investment Companies) Index. The share price produced a total return of 5.0%. The full year dividend increased 8.2% to […]
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06 Oct 2015 1 min read
Rosemary Banyard quits Schroders
Schroder UK Mid Cap Fund has announced that Rosemary Banyard has decided to leave Schroders, and will be stepping down as the Company’s lead portfolio manager with effect from 31 March 2016. Rosemary will continue to manage the portfolio until that time, following which Andy Brough, who has co-managed the portfolio with Rosemary since Schroders […]
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25 May 2014 1 min read
Schroder UK Mid Cap Fund : SCP – interims
Schroder UK Mid Cap Fund, managed by Rosemary Baynard (pictured) and Andy Brough, outperformed over the six months ended 31 March 2014 – returning 15.4% while the FTSE Mid 250 returned 11.0%. The discount narrowed from 6.1% to finish March at 2.6% and this helped improve the return to shareholders to 19.9% however this has reversed […]
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23 Jan 2014 1 min read
F&C Managed Portfolio : FMPI – half yearly report
FMPI has announced its interim results covering the six months ended 30 November 2013. The net asset value returns for the period were 2.9% for the Income shares and 7% for the Growth shares. This compares to a 3.9% return on the FTSE All-Share Index and 3.1% on the FTSE Equity Investments Index. The Board say […]
Upcoming Events
Videos
In The Press
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14 Feb 2025 1 min read
Friday Briefing: Investment trusts do need a shake-up, but Saba is going about it the wrong way
Cristian Angeloni, Investment Week, 14 February 2025: US activist investor Saba Capital is nowhere near done with the world of investment trusts.. In the latest turn of events in the ‘Saba saga’, the US hedge fund revealed on Monday (10 February) it would requisition general meetings at four investment trusts – two of the original […]
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11 Feb 2025 1 min read
‘Shift’ in Saba strategy shows quest for ‘small, quick win’
Cristian Angeloni, Investment Week, 11 February 2025: Saba Capital’s revelation that it would target four investment trusts in a bid to transition them into open-ended funds has been met with perplexity by the sector. On Monday (10 February), the US hedge fund revealed intentions to go ahead with a ‘Plan B’ of its investment trust […]
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1 min read
Wall Street raider Boaz Weinstein takes aim at four more UK investment trusts
By CALUM MUIRHEAD, This is Money, 10 February 2025: Wall Street raider Boaz Weinstein has launched another assault on four UK investment trusts after failing to take over six others. Weinstein’s firm Saba Capital announced yesterday that it will call meetings at the trusts to vote on whether to change their structure. The trusts in […]
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15 Jan 2025 1 min read
Investment trust insider on rising bond yields
Investment trust insider on rising bond yields – James Carthew: Higher bond yields deal blow to small-cap recovery Sliding sterling and elevated gilt yields have made for a painful month for small-cap and renewables trusts, and investors now need to be patient. I am going to press pause on the Saba saga this week (although […]
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09 Nov 2023 1 min read
Shareholder activism and M&A surge is a mixed blessing for investment trust sector
Valeria Martinez, Investment Week, 09 November 2023: Discounts not seen since the Global Financial Crisis are driving a fresh surge in shareholder activism and M&A across the UK investment trust space. While this is likely to help lift prices in the short-term, it could also lead to a significant shrinkage of the sector… Alternative trusts […]
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21 Sep 2022 1 min read
Should you go defensive or back a bounce for beaten-up consumer stocks? Experts’ share picks to shuffle your portfolio and survive a harsh winter
By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY, 10 September 2022: There was a real ‘back to school and back to business’ feel in the air last week – until we learnt of the sad death of the Queen. While parents took pictures of uniformed offspring outside their front doors, the press took pictures of the […]
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25 Apr 2022 2 min read
Is the FTSE 250 full of bargains investors are overlooking?
ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY, 23 April 2022: Below the stalwarts of the FTSE 100 – the index of Britain’s biggest companies by market capitalisation – lies the lesser known FTSE250 Index… The FTSE250 has so far underperformed its big brother this year. While the FTSE100, comprising the likes of BP, Next and Royal […]
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19 Apr 2021 1 min read
Rev up your returns from the mid-sized UK companies well placed to race away
Rev up your returns from the mid-sized UK companies well placed to race away – but don’t forget the minnows By ROSIE MURRAY-WEST FOR THE MAIL ON SUNDAY PUBLISHED: 22:24, 17 April 2021 | UPDATED: 12:28, 18 April 2021 As Britain finally throws off the shackles of endless lockdowns and restrictions, the economy stands poised to unfurl at welcome speed. […]
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21 Sep 2020 1 min read
Cash in on the work at home winter winners
How to cash in on the work at home winter winners: Should you invest in Greggs as sausage rolls replace sushi – and go local with property? By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY PUBLISHED: 21:53, 19 September 2020 | UPDATED: 09:37, 21 September 2020 If you’re expecting to settle in for a winter without the commute, you’re not […]
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21 Apr 2020 2 min read
Investment trust insider on UK mid caps
Investment trust insider on UK mid caps – James Carthew: my pick of the three UK mid-cap trusts Stock markets appear to be calming down, although we shouldn’t take a recovery for granted given the scale of the disruption that the global economy is experiencing. Across the investment company sector, many closed-end funds seem to trade […]
