Aberforth Geared Value & Income Trust (ticker: AGVI) is the fifth in a succession of fixed-life trusts that have run alongside the much larger Aberforth Smaller Companies Trust (ticker: ASL). The portfolios held by the two trusts are similar, although not identical, both having a strong focus on the value end of the UK small-cap market, and they are managed by the same group of individuals. Like its two immediate predecessors, AGVI utilises zero dividend preference shares to offer a highly geared alternative to the main Aberforth trust, providing potential additional upside if UK small-cap...
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