The reflationary rally since the announcement of successful vaccine trial results has been fantastic for value managers, and Aberforth Smaller Companies (ASL) has taken full advantage. As we discuss under Performance, the trust has generated strong returns over the past year, versus both the Numis Smaller Companies ex IT benchmark and against the UK small-cap sector. Consequently, the discount narrowed significantly in Q4 2020, the trust trading close to par in December and again in April 2021. ....
16 Nov 2021
Aberforth Smaller Companies - Overview
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Aberforth Smaller Companies - Overview
Aberforth Smaller Companies Trust PLC (ASL:LON) | 0 0 0.0% | Mkt Cap: 1,019m
- Published:
16 Nov 2021 -
Author:
Thomas McMahon, CFA -
Pages:
7
The reflationary rally since the announcement of successful vaccine trial results has been fantastic for value managers, and Aberforth Smaller Companies (ASL) has taken full advantage. As we discuss under Performance, the trust has generated strong returns over the past year, versus both the Numis Smaller Companies ex IT benchmark and against the UK small-cap sector. Consequently, the discount narrowed significantly in Q4 2020, the trust trading close to par in December and again in April 2021. ....