Standard Life Investments Global Smaller Companies Fund Platform 1 Acc

Global Growth

New for 2018. A concentrated portfolio of smaller companies

A newcomer for 2018, and an open-ended alternative to Edinburgh Worldwide investment trust, comes in the form of Standard Life Investments Global Smaller Companies.

Run by Alan Rowsell since the fund's inception in 2012, this is a concentrated portfolio of around 50 stocks. Rowsell had a stellar 2017, posting returns that were double those of the Investment Association's global sector, thanks to a strong run for smaller companies and the manager's stock-picking prowess. The fund has also significantly outperformed its peer group over five years.

At the end of 2017, Rowsell pointed to the market remaining in an uptrend and the economy in a cyclical upswing. He noted that valuations were high but earnings expectations were improving.

Going into 2018, his fund stands to benefit from a seasonally strong period for the market that typically runs until the spring. Meanwhile, the cut in corporation tax in the US is a clear positive for US small companies — in which more than 40 per cent of the fund is invested — given that they have higher average corporate tax rates than large companies.

Regardless of economics or politics, his bottom-up investment process remains focused on identifying high-quality, sustainable growth businesses. He believes this approach should outperform over the business cycle, as it has in the past, and is resilient during economic downturns.

His investment process involves the use of 'the matrix', a stock-screening process created by Standard Life Investments, now Aberdeen Standard. This helps him to identify ideas from a 6,000 stock universe.

Narrative and ratings content all as of 01 January 2018.

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Standard Life Investments Global Smaller Companies Fund Platform 1 Acc
Aberdeen Standard Fund Managers Limited
Open Ended Investment Company
1.05 %
Risk Rating
3 Year Sharpe
3 Year Alpha
0 %
IA Gbl sector
The objective of the Fund is to provide capital appreciation; it is intended that income will not be a prime consideration. The investment policy of the Fund is to invest mainly in global smaller company equities (excluding Investment Trusts) and equity type investments. “Equity type investments” will include convertible stocks, stock exchange listed warrants, Depositary Receipts and any other such investments which entitle the holder to subscribe for or convert into the equity of the company and/or where the share price performance is, in the opinion of the ACD, influenced significantly by the stock market performance of the company’s ordinary shares. The Fund may also invest in other transferable securities, money-market instruments, deposits, cash and near cash, derivatives and collective investment schemes.
Holding %
Aberdeen Liqdty (Lux) Sterling Z-1 4.51 %
Teleperformance SE 3.26 %
HMS Holdings Corp 3.19 %
Shenzhou International Group Holdings Ltd 3.01 %
ServiceMaster Global Holdings Inc 2.97 %
Evolent Health Inc A 2.94 %
Aspen Technology Inc 2.59 %
Pigeon Corp 2.59 %
Abiomed Inc 2.56 % Holdings Inc 2.54 %
Region %
United States 45.13 %
Eurozone 16.44 %
United Kingdom 13.40 %
Japan 8.84 %
Asia - Emerging 7.52 %
Asia - Developed 5.60 %
Sector %
Industrials 31.79 %
Technology 21.55 %
Consumer Cyclical 15.01 %
Financial Services 14.90 %
Consumer Defensive 8.28 %
Healthcare 5.51 %
Aberdeen Standard Fund Managers Limited
EC4M 9HH, London, United Kingdom
Legal Structure
Open Ended Investment Company


Alan Rowsell
Joined 01/19/2012

Alan Rowsell, an honours graduate in Economics & Politics from Bath University who joined Singer & Friedlander in 1997. He has previously worked at Cazenove and HM Treasury. Alan is an associate member of the UK Society of Investment Professionals.

Data provided by Morningstar.

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