abrdn UK Smaller Companies Growth (ticker: AUSC) was launched in 1993 and initially run by Edinburgh Fund Managers. In 2003, after a period of poor performance, it switched its management firm to Standard Life, which is now part of abrdn. Harry Nimmo looked after the portfolio from 2003 to his retirement at the end of 2022, building up an excellent track record of outperformance using a proprietary stock selection method dubbed The Matrix which focuses on quality, growth, and momentum factors. AUSC is now managed by Abby Glennie and Amanda Yeaman, who worked alongside Nimmo for many years and ...
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Jonathan Davis, editor of the Investment Trusts Handbook, is joined in this week’s edition of the Money Makers Weekly Investment Trust podcast by Harry Nimmo, manager of the Abrdn UK Smaller Companies Growth Trust.
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00:52 – Review of the week
07:51 – Results, NAV updates, and fundraising
09:25 – Corporate news
15:41 – The week’s results
20:06 – Money Makers Circle
22:16 – Podcast format
22:50 – Q & A with Harry Nimmo
54:49 – Close
Trusts mentioned in this week’s podcast (with tickers) include:
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Stuart's profile of BH Macro duly appeared this week and his next subject will be will be looking at 3i, the large but idiosyncratic private equity group, whose investment in the European retail chain Action has been one of the more remarkable successes of recent years. In this week's notes I continue to look at what other investors I follow are saying and doing, while I ponder where we go from here and how best to navigate the coming months.
Something different today? As you may know I do some occasional podcasts and interviews for Master Investor and spoke at their big annual investor ev...
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For premium subscribers we do regular interviews with fund managers and analysts about current market conditions and funds and markets (occasionally shares) that we invest in. The latest one is with Harry Nimmo, the long serving manager of the Standard Life UK Smaller Companies trust and its open-ended sister fund. Rather than a podcast, this Q and A mostly consists of edited extracts from the transcript. It can be usefully read in conjumtion with the podcast interview with Laura Foll, co-manager with James Henderson of both Lowland (ticker: LWI) and Henderson Opportunities Trust (HOT), two ot...
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It has been another remarkable week for the investment trust sector, with Scottish Mortgage and the technology and Chinese investment trusts falling sharply again, reversing some of their previous exceptional gains and continuing the pattern of rotation into value and cyclical stocks (which are not always the same thing).
Jonathan Davis Harry's game How long will the marked rotation into cyclical value stocks we have seen since October endure? Harry Nimmo, the long serving manager of the Standard Life Smaller Companies investment trust, whom I spoke to this week, tells me that on past experie...
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