The recent performance of smaller-cap US stocks has driven the Schroder US smaller companies fund into the top 10 performing unit trusts.
Over the past year, the fund, launched in February 1990, has returned growth of 37.05 per cent, ranking it seventh for performance. Over a three-year period it has grown by 105.84 per cent, ranking it 16th.
The fund aims for capital growth by investing in smaller companies on the Canadian and US stockmarkets and currently has assets of £105.7m.
Schroder says it concentrates on under-followed and misunderstood companies that can offer superior earnings' growth. Investments in the past year include Goodys Family Clothing, which operates more than 200 stores in 14 states, and Petco Animal Supplies, which has a chain of 341 retail pet food and supply stores.