Schroder Global Recovery Fund Z Accumulation GBP
A Select 50 Fund - Fidelity insight
Category Global Large-Cap Value Equity
This fund can be held in an Investment ISA, SIPP and Investment Account
Last buy/sell price
£1.157
£0.01 (+0.87%)
Fund Code
SZGRA
BYRJXL9
GB00BYRJXL91
Prices updated as at 23 Dec 2024
Prices in GBP
Investment objective
The Fund aims to provide capital growth in excess of the MSCI World (Net Total Return) Index (after fees have been deducted) over a three to five year period by investing in equity and equity related securities of companies worldwide which are considered to be undervalued relative to their long term earnings potential. The Fund is actively managed and invests at least 80% of its assets in equity and equity related securities of companies worldwide that have suffered a set back in either share price or profitability, but where long term prospects are believed to be good.
Important documents: Please ensure that you have read the Key Information Document/Technical Guide
, Pre-sale Illustrations document & Doing Business with Fidelity document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found within the Charges & documents section.
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Our view
Why we like the fund:
This is a concentrated fund which invests primarily in companies across developed market regions such as the US, Europe, UK, Japan and Australasia, but will also invest smaller amounts in emerging markets, such as parts of Asia, Latin America and Africa. The managers are 'value' investors, quite contrarian and often buying companies with depressed share prices; they have been investing on this basis since before the 2008 Global Financial Crisis. This is a similar offering to Dodge & Cox, but Schroders also invests in smaller companies, which may increase the risk but could also improve returns.
How to use the fund:
This fund is a good choice for an investor with a long time-horizon. It tends to come into its own over periods of ten years or more. Over the short term, like most equity funds, it sometimes loses value, but tends to recover well and investors should stay invested for the long term. The funds approach is 'deeper value' than the likes of Dodge & Cox Global Stock, being prepared to own a 'fair company at a good price' rather than seeking out 'a good company at a fair price.' Because the fund employs a 'value' approach to investing, it would likely blend well with a 'growth' manager like Rathbone Global Opportunities.