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:
“Some smaller crimes always precede the great crimes.”
—Jean Racine (1639–1699)
“In the U.S. for instance, the value of a homemaker’s productive work has been imputed mostly when she was maimed or killed and insurance companies and/or the courts had to calculate the amount to pay her family in damages. Even at that, the rates were mostly pink collar and the big number was attributed to the husband’s pain and suffering.”
—Gloria Steinem (20th century)
“A noble person confers no such gift as his whole confidence: none so exalts the giver and the receiver; it produces the truest gratitude. Perhaps it is only essential to friendship that some vital trust should have been reposed by the one in the other. I feel addressed and probed even to the remotest parts of my being when one nobly shows, even in trivial things, an implicit faith in me.... A threat or a curse may be forgotten, but this mild trust translates me.”
—Henry David Thoreau (1817–1862)