- Yield History-
- 3 Year sharpe0.73
- 3 Year alpha6.8
- Distribution Typeaccumulation
- BenchmarkMSCI ACWI Small GR USD
- Legal StructureOpen Ended Investment Company
- Fund Size (month end)Open Ended Investment Company
- IA SectorGlobal
- Manager GroupAberdeen Standard Investments
- DomicileUnited Kingdom
ASI Global Smaller Companies is a concentrated portfolio of about 50 high-quality, sustainable growth businesses. The stock selection process leverages the group’s ‘focus on change’ investment philosophy.
The fund leverages the group’s ‘matrix’ investment approach – a powerful proprietary quant model and analytical resource alongside the fund’s well-structured and disciplined approach. The quantitative screen aims to identify smaller companies from around the globe, including emerging markets, that have the best growth prospects. It ranks 6,000 companies it believes have been mispriced by the market, aiming to identify those with proven and sustainable business models, recurring revenues and quality earnings streams.
It was announced in late June that Alan Rowsell, the fund’s manager since inception in 2012, is stepping down from the fund. Veteran investor Harry Nimmo, who was co-manager of the fund at inception, has been re-instated (having stood down in December 2016) as co-manager of ASI Global Smaller Companies alongside Kirsty Desson, the existing co-manager. As the investment process will remain unchanged, and with Harry Nimmo returning to co-manage the fund, we continue to have conviction.