The fund will be managed by Matthew Dobbs, head of global and international small cap equities and manager of the firm’s Pacific Equity portfolios.

“Smaller companies in emerging markets and Asian regions are an increasingly attractive opportunity set, providing higher exposure to some of the most interesting themes such as consumer cyclicals, industrials and healthcare,” Dobbs said.

The Schroder Small Cap Discovery Fund will sit in the IMA Global Equities sector and invest in 70-100 stocks. It can also invest in smaller companies that may be listed and domiciled outside Asia or emerging markets, but which derive a significant portion of their business or growth from those regions.