Edison reviews Scottish Oriental Smaller Co. Trst

RNS Number : 5152B

Scottish Oriental Smlr Co Tst PLC

10 January 2018

 

London, UK, 10 January 2018

Edison issues review on Scottish Oriental Smaller Companies Trust (SST)

Scottish Oriental Smaller Companies Trust (SST) was launched in 1995 with the objective of generating long-term capital growth from investing in smaller companies listed in Asia (excluding Japan and Australasia). Its long-term 10-year performance record continues to be strong, although in more recent years SST has lagged the performance of the comparative MSCI AC Asia ex-Japan Index, which has been driven by large-cap and technology stocks in particular. Since Vinay Agarwal became acting (now formal) lead manager in July 2016, the portfolio has become more concentrated and growth orientated. Agarwal believes the trust is well positioned with reasonably valued, quality companies that can grow structurally through economic cycles.

SST currently trades at a 10.5% discount to cum-income NAV; slightly below its 11.5% three-year average (range of 1.7% to 16.7%). The board does not have a formal discount management policy, although it actively promotes the trust and has the ability to repurchase shares. 

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