Standard Life UK Small.Co's Tst PLC Edison issues review on Standard Life UK Smaller
24 November 2020 - 1:40AM
RNS Non-Regulatory
TIDMSLS
Standard Life UK Small.Co's Tst PLC
23 November 2020
London, UK, 23 November 2020
Edison issues review on Standard Life UK Smaller Companies
(SLS)
Standard Life UK Smaller Companies (SLS) manager Harry Nimmo is
very bullish on the outlook for UK small-cap stocks, with the
proviso that Brexit presents a near-term risk. He notes that
despite current challenges due to the coronavirus, many companies
are trading above expectations and there are now only a handful of
SLS's portfolio companies that are not paying dividends. The
manager is comfortable with the trust's ability to maintain its own
dividend payments and is hopeful its valuation will improve given
its very strong performance record. SLS's NAV has outperformed its
benchmark over the last one, three, five and 10 years; however,
Nimmo cautions that given the trust's focus on quality businesses,
if there is a cyclical recovery in the UK market with a 'dash for
trash', SLS is likely to underperform during this period.
SLS aims to achieve long-term capital growth through investment
in a diversified portfolio mainly consisting of UK-quoted smaller
companies. SLS started life as Edinburgh Smaller Companies in 1993,
with Standard Life Investments (now Aberdeen Standard Investments)
assuming management from 2003. The trust merged with Dunedin
Smaller Companies Investment Trust in October 2018 and with
Gartmore Smaller Companies Trust in 2009.
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