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Aberforth UK Smaller Companies Accumulation (GBP)

Sell:25,773.00p Buy:26,283.00p Change: 41.00p (0.16%)
Prices as at 12 November 2019
Change: 41.00p (0.16%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 12 November 2019
Change: 41.00p (0.16%)
Prices as at 12 November 2019
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
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 our Wealth 50 list of what we believe are the best funds in each sector. If a fund is not within our Wealth 50 this is not necessarily a recommendation to sell. However, if you are thinking of adding to your investments we believe Wealth 50 funds are superior alternatives. View funds on the Wealth 50 »

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

12/11/14 to 12/11/15 12/11/15 to 12/11/16 12/11/16 to 12/11/17 12/11/17 to 12/11/18 12/11/18 to 12/11/19
Annual return 11.15% -2.45% 30.96% -6.97% 6.98%

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

Sam 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 ofcapital and income growth from UK  and international companies.He is responsible for the following sectors -Aerospace & Defence; and Health Care.

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

Jeremy joined Aberforth in October 2018.  Fund management roles with Abbey National Asset Managers and SVM Asset Management werefollowed 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: Keith F Muir
Manager start date: 3 March 2011
Manager located in: Edinburgh

Keith joined Aberforth in March 2011 and became a Partner in May 2014.  He is responsible for the following sectors -Construction & Materials; Household  Goods & Home Construction; and Real Estate.  Previously he was aninvestment director with Standard Life Investments for 13 years and spent the last 9 years as a  senior member of the smaller companies team with associated portfolio management responsibilities.  Prior to that he gained experience with Southpac, Scottish  Equitable and Murray Johnstone

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 subsequentintegration of the small company team into the broader UK equityteam led to a wider range  of portfolio and research responsibilities.

Manager Name: Christopher N Watt
Manager start date: 18 April 2016
Manager located in: Edinburgh

Christopher joined Aberforth in April 2016 and became a Partner in May 2017.He is responsible for the following sectors -Banks; Industrial Metals & Mining;  Industrial Transportation; Mining; and Travel & Leisure.  He joined from Jupiter Asset Management where he spent 15 years ininvestment management.  He was  a memberof the value team at Jupiter with responsibility for managing a number of UK equity mandates.

manager photo
Manager Name: Alistair J Whyte
Manager start date: 20 March 1991
Manager located in: Edinburgh

Alistair joined Aberforth as a Founding Partner in May 1990.  He is responsible for the following sectors -Media; Oil & Gas Producers; and Oil Equipment, Services & Distribution.   Previously he was with Ivory & Sime for 11 years where latterly he managed portfolios in Asia.  Prior to that he managed portfolios with the  objective of capital growth from smaller companies in the UK and internationally

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 an ISA, Lifetime ISA, SIPP or Fund & Share Account