In this episode of Trust Issues, we speak to Nicholas Todd, one of our Kepler Trust Intelligence analysts, about investing in UK small-caps and what BlackRock Smaller Companies (BRSC) offers investors looking for exposure to UK equities.
0:00 Risk warning
0:47 Introduction
1:06 Overview of trust and investable universe
3:04 What are the benefits of a closed-ended structure?
4:34 How has the trust performed?
6:21 What investment attributes does BRSC look for?
8:29 Could you talk us through the current portfolio?
12:15 What factors have been weighing on UK small-cap valuations?
13:27 Why have small-caps outperformed large-caps over time?
15:22 Has M&A activity been a tailwind for returns?
18:16 How has the discount changed over the last year?
19:48 What does BRSC offer for income-seeking investors?
20:47 What is the outlook for UK small-caps over the next year?
