Aberforth Smaller Companies (ASCoT) is the only UK smaller companies trust with an unambiguous value approach, barring its income-focused sister Aberforth Split Level Income Trust. The long-term track record has been extremely strong, but returns in recent years have been below those of the peer group thanks to the managers’ diligent adherence to a value approach - a style that has been very much out of favour in what has been a growth or momentum driven market. The team of six managers have ext ....
