Schroders' Jenny Jones, head of US small- and mid-cap equities, has admitted the US Smaller Companies fund has had a "rough year" in terms of performance, which she attributed to the fund's exposure to the healthcare sector.
Jones is underweight the healthcare sector in the £823m fund, with a 9.8% holding compared to 16.8% in the Russell 2000 index, adding it was "the worst segment of the portfolio for us". "We have really...
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