AUSC Abrdn Uk Smaller Companies Growth Trust Plc

TIDMAUSC

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 to view the full report or here 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

About Edison: E dison 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 .

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

Learn more at www.edisongroup.com and connect with Edison on:

   LinkedIn          www.linkedin.com/company/edison-group-/ 
   Twitter              www.twitter.com/Edison_Inv_Res 
   YouTube           www.youtube.com/edisonitv 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word "Reach" in the source column of the News Explorer pages of London Stock Exchange's website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRABSGDSBDBDGXS

(END) Dow Jones Newswires

April 17, 2023 02:15 ET (06:15 GMT)

Grafico Azioni Abrdn Uk Smaller Compani... (LSE:AUSC)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Abrdn Uk Smaller Compani... (LSE:AUSC)
Storico
Da Giu 2023 a Giu 2024