RCS - abrdn UK Smaller Cos - Edison issues review on abrdn UK Smaller Cos.

Aberdeen Uk Smaller Companies Growth Trust

17/04/2023 07:15

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RNS Number : 3141W  abrdn UK Smaller Cos. Growth Trust  17 April 2023

London, UK, 17 April 2023

 

Edison issues review on abrdn UK Smaller Companies Growth Trust (AUSC)

abrdn UK Smaller Companies Growth Trust's lead manager is Abby Glennie
following the retirement of Harry Nimmo at the end of 2022. She had been the
trust's co-manager since mid-November 2020 and had worked closely with Nimmo
since January 2016; Glennie manages the fund with investment director Amanda
Yeaman. There is no change to the investment process, which has proved
successful over multiple market cycles. Stocks are screened using the
proprietary Matrix to highlight which companies fulfil the managers' strict
quality, growth and momentum criteria. They are confident that over the long
term, investors will benefit from the high-quality attributes of investee
companies as they should have a greater ability to deliver against consensus
earnings expectations, regardless of economic conditions.

 

AUSC's 13.6% discount is wider than its historical averages, which may provide
an opportunity for new or existing shareholders. Over the last one, three,
five and 10 years, the trust's average discounts range between 6.2% (10 years)
and 12.2% (one year). There is considerable scope for AUSC to be afforded a
higher valuation if its relative performance returns to its historical winning
ways. It should be remembered that the strategy is unchanged, and the recent
underperformance is a function of the change in market leadership from growth
to value shares.

Click here
(https://www.edisongroup.com/research/new-lead-manager-same-proprietary-process/32179/)
to view the full report or here
(https://share.hsforms.com/1Jq93LlG-TXSBpKts9cVvQA3k1vq) to sign up to receive
research as it is published.

 

All reports published by Edison are available to download free of charge from
its website

www.edisongroup.com (http://www.edisongroup.com)

About Edison: Edison is a leading research and investor relations consultancy,
connecting listed companies to the widest pool of global investors. By
focusing on the volume and quality of investors reached - across institutions,
family offices, wealth managers and retail investors - Edison can create and
gauge intent to purchase, even in the darkest pools of capital, and then make
introductions via non-deal roadshows, events or virtual meetings.

Having been the first in-market 17 years ago, Edison now has more than 100
analysts covering every economic sector. Headquartered in London, Edison also
has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in
Athens, Johannesburg and Sydney.

Edison is authorised and regulated by the Financial Conduct Authority
(https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000MfYL6AAN) .

Edison is not an adviser or broker-dealer and does not provide investment
advice. Edison's reports are not solicitations to buy or sell any securities.

For more information, please contact Edison:

Mel Jenner +44 (0)20 3077 5700 investmenttrusts@edisongroup.com
(mailto:investmenttrusts@edisongroup.com)

Learn more at www.edisongroup.com (http://www.edisongroup.com) and connect
with Edison on:

LinkedIn          www.linkedin.com/company/edison-group-/
(http://www.linkedin.com/company/edison-group-/)

Twitter             www.twitter.com/Edison_Inv_Res
(http://www.twitter.com/Edison_Inv_Res)

YouTube          www.youtube.com/edisonitv
(http://www.youtube.com/edisonitv)

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