Aberforth Smaller Companies Trust (LSE: ASL) is a large British investment trust dedicated to investments in smaller companies, those with a capitalisation below £1.264 billion as of 1 January 2012, equivalent to the constituents of the Numis Smaller Companies Index, which has 422 components. Established 10 December 1990, the company is a constituent of the FTSE 250 Index. The Chairman is David Shaw.
The firm is the largest UK Smaller Companies Investment Trust. It operates a diversified portfolio of over 80 companies, and is 8.2% geared as of 19th April 2012, with £717m of net asset value.
Famous quotes containing the words smaller, companies and/or trust:
“A good pun may be admitted among the smaller excellencies of lively conversation.”
—James Boswell (1740–1795)
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—Gloria Steinem (20th century)
“The difference between tragedy and comedy is the difference between experience and intuition. In the experience we strive against every condition of our animal life: against death, against the frustration of ambition, against the instability of human love. In the intuition we trust the arduous eccentricities we’re born to, and see the oddness of a creature who has never got acclimatized to being created.”
—Christopher Fry (b. 1907)