Mutual fund adviser Schroder Investment Management will manage a new mutual fund starting in July as part of the Schroder Series Trust, according to a prospectus filed with the Securities and Exchange Commission, Dow Jones reports.

The proposed Schroder U.S. Small and Mid-Cap Opportunities Fund will seek capital appreciation by investing at least 80% of its net assets in small- or mid-capitalization companies. Schroder, whose parent company, Schroders PLC, had about $204 billion under management as of Dec. 31, 2004, defines small- or mid-cap companies as those with a market capitalization of between $1 billion and $7 billion. The fund may also invest in equity securities of larger companies if it offers the opportunity for capital appreciation.

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