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Aberforth UK Smaller Companies Accumulation (GBP)

Sell:33,171.00p Buy:33,730.00p Change: 41.00p (0.12%)
Prices as at 21 November 2024
Sell:33,171.00p
Buy:33,730.00p
Change: 41.00p (0.12%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
Prices as at 21 November 2024
Sell:33,171.00p
Buy:33,730.00p
Change: 41.00p (0.12%)
Prices as at 21 November 2024
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Our view on this Fund

This fund does not feature on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. This is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

Our view on the sector

Smaller companies in the UK are among the most innovative and exciting around. They can be pioneers of an emerging industry, and adapt quickly to new opportunities. We think their long-term growth prospects are compelling. Some will blossom into the giants of tomorrow. But others will struggle or fail altogether, so they are higher risk. Unlike larger companies such as Tesco or Vodafone, which might have dozens of analysts poring over their accounts, smaller companies tend to be less researched. They might only have one or two analysts covering them which creates opportunities for eagle-eyed fund managers to spot hidden gems. Over the past decade, innovations such as the internet have allowed smaller companies to level the playing field with larger rivals. Even so, they tend to be more sensitive to the UK economy then larger companies so you should expect more ups and downs along the way. We think UK smaller companies could be a great addition to a diversified portfolio able to accept the increased volatility.

Performance Analysis

Performance analysis for this fund is not available.

Investment Philosophy

Investment philosophy for this fund is not available.

Process and Portfolio Construction

Process and portfolio construction for this fund are not available.

question mark Manager Track Record Based on HL Quantitative Research

This information is currently unavailable.

Fund Track Record

22/11/19 to 22/11/20 22/11/20 to 22/11/21 22/11/21 to 22/11/22 22/11/22 to 22/11/23 22/11/23 to 22/11/24
Annual return -11.27% 36.32% -10.94% 2.72% 16.21%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Fund Management Group Comment

Aberforth Partners was established in 1990 to provide institutional investors with a high level of resources focused exclusively on small UK quoted companies. Aberforth's style is to focus on 'value investing' and this approach is consistently maintained throughout all its funds.

Information about the fund

Fund manager biography

Manager Name: Samuel G Ford
Manager start date: 5 August 2019
Manager located in: Edinburgh

Samuel joined Aberforth in August 2019. As a fund manager on M&G Investments' equity income team for the previous 5 years, he managed UK equity portfolios for a range of clients. Prior to that he was an investment manager with Alliance Trust for 8 years, investing with the objective of capital and income growth from UK and international companies. He is responsible for the following sectors - Aerospace & Defence; and Health Care Equipment & Services.

Manager Name: Jeremy G A Hall
Manager start date: 15 October 2018
Manager located in: Edinburgh

Jeremy joined Aberforth in October 2018 and became a partner in January 2020. Fund management roles with Abbey National Asset Managers and SVM Asset Management were followed by ten years with Cartesian Capital Partners LLP, where he was a partner and managed UK equity portfolios for a range of clients. He is responsible for the following sectors - Beverages; Chemicals; Financial Services; and Food Producers.

Manager Name: Euan R Macdonald
Manager start date: 14 May 2001
Manager located in: Edinburgh

Euan joined Aberforth in May 2001 and became a Partner in May 2004. He is responsible for the following sectors - Alternative Energy; Automobiles & Parts; Electronic & Electrical Equipment; Forestry & Paper; General Industrials; Industrial Engineering; Insurance; Leisure Goods; Software & Computer Services; Telecommunications; and Utilities. Previously he was with Baillie Gifford for 10 years where he managed portfolios invested in small companies both in Continental Europe and the UK.

Manager Name: Peter R Shaw
Manager start date: 4 April 2016
Manager located in: Edinburgh

Peter joined Aberforth in April 2016 and became a Partner in May 2017. He is responsible for the following sectors - Personal Goods; Retailers; Support Services and Technology Hardware & Equipment. He joined from Kames Capital where he spent 15 years in equity fund management. Initially the experience gained was exclusively in the small company market. However, the subsequent integration of the small company team into the broader UK equity team led to a wider range of portfolio and research responsibilities.

Manager Name: Rob Scott Moncrieff
Manager start date: 1 February 2022
Manager located in: TBC

Rob joined Aberforth in February 2022. He previously worked as a global equities analyst with Latitude Investment Management. Rob's early career included UK-focussed equity research responsibilities with Brewin Dolphin, following an internship with International Value Advisers, in New York. He is responsible for the following sectors - Construction and Materials; Electronic and Electrical Equipment; Household Goods and Home Construction; Technology Hardware and Equipment; and Telecommunications Equipment. Rob has passed all three levels of the CFA programme.

Manager Name: Rowan Marron
Manager start date: 1 November 2023
Manager located in: TBC

TBC

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now