Small-cap trust struggles against high oil prices

Holdings going into administration and an ever-rising oil price provided a tough background for the ...

Holdings going into administration and an ever-rising oil price provided a tough background for the Smaller Companies Value Trust over the last 12 months. Manager Gregor Macdonald, from Swip said while the short-term economic outlook in the UK is far from favourable, many small and medium-sized firms are trading at their most attractive valuations in several years. "Their share prices, though, may be susceptible to ongoing economic concerns," he added. Macdonald said two trends dominated sentiment for most of the period, the economic outlook for the US and the knock-on effects of the ...