abrdn UK Smaller Companies Growth Trust (LSE: AUSC)

Currency in GBP

Last close As at 04/02/2023

GBP4.63

−0.50 (−0.11%)

Market capitalisation

GBP421m

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).

Equity Analyst

Melanie Jenner

Mel Jenner

Director, Investment Trusts

Key Management

  • Harry Nimmo

    Fund manager

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 3.7 9.1 (28.7)
Relative (1.8) (0.9) (29.5)
52 week high/low 661.0p/395.0p

Overview

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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