Top Rated Trusts Going Cheap Despite Gains

Top rated UK smaller companies investment trusts are trading at discount despite double-digit gains year to date, thanks to a weaker UK economic outlook

Karen Kwok 4 August, 2017 | 2:53PM

Investment trusts invested in UK smaller companies are trading at wide discounts despite their outperformance this year, according to data compiled by Morningstar Direct. Thanks to Brexit uncertainty, even those highly rated by Morningstar analysts are going cheap.

Of the 62 investment trusts positively rated by Morningstar analysts, 46 of them are trading at discounts. Dunedin Smaller Companies (DNDL), a Bronze Rated trust investing in the UK small-cap equity space, is trading at a 20.4% discount, the widest discounts among all rated trusts.

Four other highly rated UK small-cap trusts are also trading at double digit discounts. They are Bronze Rated Henderson Smaller Companies (HSL), Silver Rated BlackRock Throgmorton Trust (THRG), Gold Rated BlackRock Smaller Companies (BRSC) and Silver Rated Aberforth Smaller Companies (ASL).

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Aberdeen New Dawn Ord230.00 GBX2.68
Aberdeen Standard Asia Focus Ord902.00 GBX0.67
Aberforth Smaller Companies Ord930.00 GBX0.98
BlackRock Smaller Companies Ord1,344.00 GBX4.67
BlackRock Throgmorton Trust plc552.00 GBX-0.36
Henderson Smaller Companies Ord778.00 GBX0.13
JPMorgan Emerging Markets Ord921.00 GBX1.77
Montanaro European Smaller Ord1,180.00 GBX2.83
Standard Life UK Smaller Co. Ord518.00 GBX3.19
Witan Pacific Ord338.00 GBX0.30

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk

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