Standard Life UK (SLS) aims to achieve long-term capital growth through investment in a diversified portfolio mainly consisting of UK-quoted smaller companies. Harry Nimmo and Abby Glennie are positive on the outlook for UK smaller-cap stocks, which is reflected in the trust’s higher level of debt compared with an ungeared position 12 months ago. Nimmo and Glennie are essentially delivering ‘what it says on the tin’.
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