Schroder US Mid Cap manager to retire

Sam Slator 25/01/2019 in X Elite Funds news

Schroders has announced that, after more than 16 years at Schroders and an investment career spanning nearly four decades, Jenny Jones, fund manager of Schroder US Mid Cap has decided to retire later this year.

Bob Kaynor, currently co-manager of the fund, will take over full responsibility in April 2019. Bob has more than 20 years investment experience, six of which have been at Schroders.

Darius McDermott, managing director of FundCalibre, commented: “Jenny Jones is a well-known investor. She has built a strong team and this manager change is a very good example of long-term secession planning, as Bob has been co-manager for several years.

“We wish Jenny all the best and Schroder US Mid Cap fund will remain Elite Rated.”

This article is provided for information only. The views of the author and any people quoted are their own and do not constitute financial advice. The content is not intended to be a personal recommendation to buy or sell any fund or trust, or to adopt a particular investment strategy. However, the knowledge that professional analysts have analysed a fund or trust in depth before assigning them a rating can be a valuable additional filter for anyone looking to make their own decisions.Past performance is not a reliable guide to future returns. Market and exchange-rate movements may cause the value of investments to go down as well as up. Yields will fluctuate and so income from investments is variable and not guaranteed. You may not get back the amount originally invested. Tax treatment depends of your individual circumstances and may be subject to change in the future. If you are unsure about the suitability of any investment you should seek professional advice.Whilst FundCalibre provides product information, guidance and fund research we cannot know which of these products or funds, if any, are suitable for your particular circumstances and must leave that judgement to you. Before you make any investment decision, make sure you’re comfortable and fully understand the risks. Further information can be found on Elite Rated funds by simply clicking on the name highlighted in the article.