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...
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