Schroders to close US Mid Cap fund

The fund, which has been run by Jenny Jones in New York since inception, has seen assets under management rise to $4.5bn (£2.76bn) as investors' appetite for developed market equities increases. It was soft-closed in December 2010 when assets in the onshore US Mid Cap fund and ISF US Small and Mid Cap Equity fund reached over $4bn following increased inflows from European clients. Robin Stoakley, Schroders' managing director, UK intermediary, says: "Due to the specialist investment approach employed by the US Mid Cap fund, we have consistently stated that the total capacity of the US ...