Schroder Mid Cap Investment Trust (SCP.L, FTSE Small Cap Index. Market Cap Â£160m, 437p, 2.0% of JIC Portfolio and 0.0% of JIC Top 10)
The FTSE Mid Cap Index is down 10.0% today and 29% from its peak on 7thÂ January. This trust is off 12.0% today and 38% from its peak on 30thÂ December.
It is on around an 8.0% discount to assets and as the chart below shows, very oversold with an RSI of 22.
If it maintains its dividend this year, the yield is an attractive 4.2%.
It gives exposure to a basket of attractive UK mid-cap stocks. The largest 10 positions on 31stÂ January:
It is managed by Andy Brough who is an experienced fund manager.
It seems like a good way to gain exposure to the market where for the first time today you can really taste and smell the fear.
More information on the trustÂ HERE