abrdn Smaller Companies Income trust mulls merger following 33.2% crash in 2022

Strategic review ongoing

Elliot Gulliver-Needham
clock • 2 min read

abrdn’s Smaller Companies Income trust saw its net asset value total return drop 33.2% throughout 2022, as the trust continues to mull options of a merger.

Throughout the year, the trust's share price total return fell 33.7%, it revealed in its annual report, published today (28 March). The sharp drop, which compares to a 17.9% fall in the Numis Smaller Companies ex Inv Trust index, was attributed to the rotation from growth to value that emerged throughout the year as inflation and the invasion of Ukraine created macro uncertainty. abrdn closes three 'subscale' funds in consolidation push On 13 February 2023, the trust announced a strategic review, which saw its share price jump 13.8% on the day, according to data from the Associatio...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Investment Trusts