Schroders places European Alpha Plus fund under review as underperformance lingers

Assessment of value report

Cristian Angeloni
clock • 3 min read

Schroders is currently assessing the “future viability” of the £53.8m European Alpha Plus fund after its underperformance dragged on for a sixth consecutive year.

In its assessment of value (AoV) report, the asset manager noted "disappointing" portfolio performance over the past year, influenced by stock selection and market-relative positioning dragging on performance. The biggest detractors to relative performance were small and mid-sized companies, with key underperforming stocks including Worldline, Hellofresh, DoBank and Ubisoft. Recession fears in Europe also resulted in "larger outflows than usual" from European equities. As such, the viability of the fund is currently under review and Schroders said it is in the process of "determining ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot