Schroder UK Mid Cap Fund PLC Releases Half-Year Results
Why we think this is neutral
This RNS announcement provides a general update on the financial results of Schroder UK Mid Cap Fund PLC, but does not contain any specific news that would warrant a more positive or negative sentiment score. The results show a decline in NAV and share price, but also highlight some positive performance since the start of the second half of the financial year.
Key Points
- NAV declined by 9.3% and share price by 4.4% in the first half of the financial year
- Performance has improved significantly since the start of the second half, with a 10.7% NAV total return
- Board has announced strategic initiatives to enhance shareholder value and improve market perception
Summary
Schroder UK Mid Cap Fund PLC (SCP) has released its financial results for the half-year period ended 31/03/2025. The trust's NAV declined by 9.3% and its share price by 4.4% over the period, compared with its benchmark, the FTSE 250 ex-Investment Trusts Index, which fell by 7.9%. However, performance has been strong since the start of the second half of the trust's financial year, with SCP delivering a NAV total return of 10.7% from 01/04/2025 to 27/06/2025, outperforming the benchmark. The board has also announced a series of strategic initiatives aimed at enhancing shareholder value and improving market perception.