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Aberforth Smaller Companies Trust

 

Buy Aberforth Smaller Companies Trust plc shares

ABERFORTH SMALLER COMPANIES TRUST PLC (ASL) Shares

ABOUT ABERFORTH SMALLER COMPANIES TRUST PLC

? Aberforth Smaller Companies Trust plc, a large British investment trust, was founded in 1990 and has its headquarters in Edinburgh in the United Kingdom. The trust is a closed-ended investment company dedicated to investments in smaller companies.

? The trust’s mission is to achieve a net-asset value total return (with dividends reinvested) larger than that of the Numis Smaller Companies Index (excluding investment companies.

? The upper limit to this index is companies with a market capitalisation of £ 1.3bn as at January 1, 2019 (the date of the last annual index rebalance).

? This market capitalisation limit changes according to movements in the stock market. In order to achieve this objective, the trust focuses on investing in small UK-quoted companies.

? Today, the trust has a diversified portfolio that normally comprises investments in more than 80 individual companies.

? The trust conducts its affairs in a manner allowing for independent financial advisers (IFAs) to recommend its ordinary shares to ordinary retail investors according to the rules of the Financial Conduct Authority (FCA) applicable on non-mainstream pooled investment products.

OVERVIEW OF ABERFORTH SMALLER COMPANIES TRUST PLC

  • Aberforth Smaller Companies Trust plc’s investment portfolio comprises investment in a wide number of sectors.
  • These sectors include oil- and gas producers; oil equipment, services and distribution; chemicals; construction and materials; industrial metal and mining; industrial engineering and – transportation; aerospace and defense; electronics and electrical equipment; food producers; pharmaceuticals and biotechnology, and leisure goods.
  • Aberforth Partners LLP operates as the company’s investment manager. At the time of purchase, the company may invest up to 15% of its assets in a single security.
  • The Aberforth UK Small Companies Fund is an Authorised Unit trust managed by Aberforth Unit Trust Managers Limited.
  • Its trustee is NatWest Trustee and Depositary Services Limited. This fund is a limited-issue fund that adheres to the regulations of authorised unit trusts.

VISION & VALUES OF ABERFORTH SMALLER COMPANIES TRUST PLC

  • Aberforth Smaller Companies Trust plc’s objective is to deliver investment opportunities to its clientele that offer a net asset value return bigger than that of the Numis Smaller Companies Index over the long term.
  • This revolutionary strategy drives growth and adds value for shareholders who purchase company shares.

MARKET PERFORMANCE OF ABERFORTH SMALLER COMPANIES TRUST PLC

  • Aberforth Smaller Companies Trust plc trades on the London Stock Exchange (LSE) under the stock symbol “ASL”. It is a constituent of the FTSE 250 Index.
  • For the second half fiscal 2019, the trust recorded net asset value total returns of 8.3%. The FTSE All-Share Index generated a return of 13.0 % over the same period.
  • It share-price total return was 9.0%. This solid performance bodes well for shareholders interested to buy or sell shares as they can expect solid dividends and returns on their investments.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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