abrdn UK Smaller Companies Growth Trust

Solid relative performance recovery continues

25 September 2024

abrdn UK Smaller Companies Growth Trust’s (AUSC’s) relative performance continues to improve as managers Abby Glennie and Amanda Yeaman build on the solid outperformance of the trust versus the reference index in FY24. Their bottom-up stock selection process, which includes the use of a screen known as the Matrix, remains unchanged; the market has been more bottom-up rather than top-down focused and is rewarding good company updates. Portfolio companies are trading well, and their businesses have strong underlying momentum. Market share gains have been evident across the portfolio as management teams successfully execute their strategies. MORE »

Relative performance getting back on track

8 March 2024

abrdn UK Smaller Companies Growth Trust’s (AUSC’s) managers, Abby Glennie and Amanda Yeaman, are looking forward to further improvement in the trust’s relative performance, as investors’ focus is now more on company fundamentals rather than macroeconomic developments. The managers are continuing to use the Matrix, a proprietary screening tool, to search for companies exhibiting high-quality, growth and positive momentum features. Despite a difficult period of performance during 2022, when rising interest rates led to a derating of growth stocks, the strategy employed by abrdn’s small-cap team has proved very successful over the last 25+ years across multiple business cycles. MORE »