Brough limits technology exposure

radar alert

Schroder's Andy Brough believes the mid-cap index offers household names as well as more niche areas

Andy Brough's Schroder Mid 250 fund is approaching its fifth birthday, as one of the UK All Companies sector's star performers. Using an easily understandable, and therefore sales friendly investment process, Brough has seen his growth fund expand to £823.5m since its launch on 19 November 1999. He has maintained top-quartile performance over much of this period. From 22 November that year to 18 October 2004, for example, the fund has returned 59.33% on a bid-to-bid basis compared with a drop of 10.72% in the All Companies sector. While the fund is ranked fourth out of 214 funds over thi...