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Schroders launches global recovery fund for AA-rated team

The fund is an onshore version of its existing ISF Global Recovery fund managed by Citywire AA-rated trio Nick Kirrage, Kevin Murphy and Andrew Lyddon.

Schroders launches global recovery fund for AA-rated team

Schroders is launching an onshore version of its global recovery fund.

The Schroder Global Recovery fund, managed by Citywire AA-rated managers Nick Kirrage (pictured middle), Kevin Murphy (pictured right) and Andrew Lyddon (pictured left) is due to launch on 30 October.

The fund's strategy will be the same as the Schroder ISF Global Recovery fund, investing in global equities with classic recovery characteristics.

Although the offshore fund - which launched on October 2013 -  has underperformed recently, returning -12.3% versus over the last 12 months versus a sector average of 0.13%, Lyddon is confident there remains a strong case for the strategy.    

'The major strength of recovery investing is the disciplined focus on buying attractively valued, out-of-favour companies at all stages in the investment cycle,' Lyddon said. 

'We seek to apply our approach consistently as whilst an unemotional, valuation-driven philosophy will not always be in favour, over longer time periods this investment style has generated exceptional returns.'

James Rainbow, head of UK financial institutions and strategic accounts, added: 'While it is clear that value investing has been out of favour recently, we believe that, for long term investors the rewards can be significant. The Schroder Recovery Fund is a fantastic example of the returns that can be achieved with a long term, disciplined and value based investment approach.'

The fund will sit alongside Kirrage an Murphy's UK-focused Schroder Recovery fund, which has returned 44% over the last three years against a sector average of 31%.

Commenting on the new launch, Robin Stoakley, managing director of UK intermediary, said: 'We believe there are very few funds that invest in this way making this a unique offering in the UK retail market.

'Nick, Kevin and Andrew have extensive experience investing in overseas stocks and we are confident that they will continue to deliver strong returns for clients.'

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Related Fund Managers

Nick Kirrage
Nick Kirrage Average Total Return:
39.48%
286/480 in Equity - Global (Performance over 3 years)
Kevin Murphy
Kevin Murphy Average Total Return:
38.84%
297/480 in Equity - Global (Performance over 3 years)
Andrew Lyddon
Andrew Lyddon Average Total Return:
39.48%
285/480 in Equity - Global (Performance over 3 years)
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