Following the merger of J.P. Morgan's UK mid- and small-cap trusts into a single entity, Schroder UK Mid Cap Fund is now the only dedicated UK mid-cap investment trust. Not only is the mid-cap space a deep pool of innovative and entrepreneurial companies both domestically and internationally focused; the FTSE 250 index has also produced as many '21-baggers' (stocks with a return of 21x or more) as the US in the 21 years to November 2024, as well as surpassing the S&P 500 index return over 25 years to 28 February 2025. SCP, with a disciplined investment process focused on both growth potential and valuation, has comfortably outperformed its benchmark over the longer term (five and 10 years), and is well placed to do so again should market interest broaden out from the current defensive investor bias.
