abrdn UK Smaller Companies Growth Trust (LSE: AUSC)

Currency in GBP

Last close As at 28/11/2023


−1.50 (−0.36%)

Market capitalisation


abrdn UK Smaller Companies Growth Trust aims to achieve long-term capital growth through investment in a diversified portfolio consisting of UK-quoted smaller companies. Performance is measured against the Numis Smaller Companies plus AIM ex-Investment Companies Index (the reference index).

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Equity Analyst

Melanie Jenner

Mel Jenner

Director, Investment Trusts

Key Management

  • Abby Glennie

    Fund manager

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 11.5 0.5 (13.7)
Relative 7.9 (1.2) (12.7)
52 week high/low 479.2p/370.0p


abrdn UK Smaller Companies Growth Trust (AUSC) is managed by Abby Glennie and Amanda Yeaman. The strategy of using the proprietary Matrix screening tool to search for stocks that fulfil strict quality, growth and momentum criteria has proved very successful over the long term but has been challenged since the start of 2022, as macroeconomic factors rather than company fundamentals have driven stock markets. Despite their frustrations, the managers are sticking with their tried-and-tested strategy and are highly confident that the trust will resume its record of outperformance when there is a change in the investment backdrop. This may already be underway as UK inflation is moderating, interest rates may be close to peaking and, in recent months, AUSC’s NAV performance versus the reference index looks to have stabilised.




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