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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Name
Standard Life Investments Global Smaller Companies Fund Platform 1 Acc
Manager
Standard Life Investments
Type
Open Ended Investment Company
ISIN
GB00B7KVX245
Sector
Global
Launched
14/05/2012
OCF
1.06 %
Risk Rating
4
3 Year Sharpe
2.05
3 Year Alpha
9.46
Yield
0 %
Benchmark
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 %
Fevertree Drinks PLC 3.07 %
GrubHub Inc 2.97 %
Abiomed Inc 2.90 %
Pigeon Corp 2.54 %
Japan Lifeline Co Ltd 2.51 %
Shenzhou International Group Holdings Ltd 2.49 %
Sunny Optical Technology (Group) Co Ltd 2.44 %
Heico Corp 2.41 %
Grenkeleasing AG 2.39 %
Maximus Inc 2.39 %
Region %
United States 43.06 %
Eurozone 19.15 %
United Kingdom 13.37 %
Japan 11.00 %
Asia - Emerging 9.58 %
Sector %
Industrials 27.97 %
Technology 22.27 %
Consumer Cyclical 16.32 %
Financial Services 13.59 %
Healthcare 7.95 %
Consumer Defensive 7.49 %
Name
Standard Life Investments
Address
EH2 2LL, Edinburgh, United Kingdom
UCITS
Yes
Legal Structure
Open Ended Investment Company

Managers

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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