Standard Life UK Smaller Companies

LN: SLS

£485.8m market cap

485p last close

Standard Life Smaller Companies Trust (SLS) aims to achieve long-term capital growth through investment in a diversified portfolio mainly consisting of UK-quoted smaller companies. SLS started life as Edinburgh Smaller Companies in 1993 and Standard Life Investments assumed management from 2003.

Investment summary

Standard Life UK Smaller Companies (SLS) is managed by experienced UK smaller-cap specialist Harry Nimmo. He is somewhat cautious on the near-term outlook for UK equities, citing ongoing Brexit uncertainty, lower US earnings growth and the US/China trade dispute. The manager continues to follow his tried-and-tested investment process, seeking high-quality firms that can grow their businesses regardless of the stage of the economic cycle. He notes that SLS’s portfolio companies are generally trading well, showing good earnings momentum and beating expectations, which he expects will lead to higher dividend payments. The trust currently offers a yield of 1.6%.

Share price graph
Price performance
%
1m
3m
12m
Actual 4.4 (3.0) (6.7)
Relative* 2.0 (3.7) (7.4)
52-week high/low 522.0p/400.0p
*% relative to local index
Key management
Harry Nimmo Fund manager

You may also be interested in…