abrdn UK Smaller Companies Growth Trust

LSE: AUSC

Market Cap£434m

Last Close 471p

AUSC aims to achieve long-term capital growth through investment in a diversified portfolio mainly consisting of UK-quoted smaller companies. Performance is measured against the Numis Smaller Companies plus AIM ex-Investment Companies Index.

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Investment summary

abrdn UK Smaller Companies Growth Trust (AUSC) is managed by Harry Nimmo (since September 2003), who has announced his retirement at the end of 2022, and Abby Glennie (since November 2020). Glennie will become lead manager supported by existing team member Amanda Yeaman. There will be no change to the successful long-term process where stocks are screened using the proprietary Matrix, seeking companies that fulfil the managers’ strict quality, growth and momentum criteria. AUSC has experienced a period of relative underperformance in recent months as investors have favoured cyclical and value stocks rather than growth businesses. However, the managers are confident that, during a recession and beyond, AUSC’s shareholders will benefit from the quality attributes of the trust’s investee companies.

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Share price graph
Price performance
%
1m
3m
12m
Actual 12.5 (2.3) (34.6)
Relative* 5.4 (5.4) (36.4)
52-week high/low 776.0p/395.0p
*% relative to local index
Key management
Harry Nimmo Fund manager

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