Schroders US small cap leads sector

US small cap funds outperformed their large cap counterparts over the three years to the end of August, despite recording average declines of 10.59% over the period. In line with the sector's high risk, high reward profile, only four of the 13 US smaller companies funds have returned positive growth. The AA-rated Schroder US Smaller Companies fund, managed by Ira Unschuld, has been the top performer, bucking the sector average. Unschuld's technology-averse bottom-up value style has guided the fund up 42.14%, bid to bid, over the three years to the end of August, equivalent to 52.73% out...