Investment companies – LSE – M cap £317m – Price 484.00p – Update

ABRDN UK SMALLER COMPANIES GROWTH TRUST 

Confirmation that trust is back to winning ways 

abrdn UK Smaller Companies Growth Trust (AUSC ) is managed by Abby Glennie and Amanda Yeaman, who are encouraged by the trust’s relative performance versus both the reference index, which bottomed in Q423, and its larger-cap peers in the AIC UK Smaller Companies sector. During CY24, value stocks outperformed growth strategies, which was a style headwind for AUSC. However, successful stock selection and ensuring portfolio positions were sized appropriately, while avoiding companies that failed to meet consensus expectations, was a winning formula. By the end of 2024, growth versus value was in neutral territory, which should provide a more level playing field, enabling the managers to build on their long-term record of outperformance.
 

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