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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&#39 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.


Morgan Grenfell denies investment revamp

Morgan Grenfell Investment Funds is scotching rumours that parent company Deutsche Bank is to restructure its investment banking businesses. Speculators have suggested that the bank may ditch the Morgan Grenfell name.

Error forces EGM for the Witan trust

Henderson Investors is facing a bill of about £10,000 after making an error in the 1997 annual report of the £1.3bn Witan Investment Company. A proposal to allow a buy-back of up to 3 per cent of Witan&#39s shares was not heard at the AGM as planned on March 17. An outline of the proposals […]

&#39Interest rates will soar under Emu&#39

The Association of Consulting Actuaries is warning that interest rates will soar under Emu if member countries, such as Italy and France, fail to deal with their unfunded pension liabilities. Emu convergence criteria fails to take account of the liabilities, which across Europe amount to over £1,000bn. The UK has over £750bn in funded pensions.

NPI claims the lowest pension fee

NPI is rolling out a regu lar-premium pension policy which it claims has the lowest annual management charge in the market at 0.15 per cent. The move reflects NPI&#39s belief that too many pension customers are penalised for taking premium holidays or making their policies paid up. The life office claims that the average annual […]


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