With effect from 14 May 2018 (the effective date), the Fund will be managed by a different portfolio manager from our European investment team. As a result of this, on the effective date the Fund will be renamed Schroder European Recovery Fund and its investment policy will be amended.
Please note that the Fund’s investment objective, universe and risk profile will be unchanged. The Fund will continue to hold a similar number of companies but there will be some changes to the Fund’s portfolio of holdings.