Overview
The Global Smaller Companies Trust (formerly BMO Global Smaller Companies : BGSC and before that F&C Global Smaller Companies : FCS) says it seeks to exploit the high investment potential of smaller companies listed on global equity markets. It believes that as many smaller companies are not widely researched, this opens up the potential for detailed fundamental analysis to identify valuation anomalies. They also say that the greater inherent ability of smaller enterprises to grow faster than more mature, larger companies, is also positive for the long term outlook.
The fund’s website can be viewed here.
Fundamentals
Price
Research History
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22 Mar 2024 1 min read
QuotedData’s Weekly News Show Special: Has the tide turned?
In this week’s show, James Carthew hosted a panel discussion between James Hart from Witan, Nish Patel from Columbia Threadneedle & Jonathan Brown from Invesco on growth investing. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news click here. If there is a guest speaker you’d […]
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05 Jan 2023 90 min read
QuotedData’s Economic and Political Monthly Roundup January 2023
Economic and Political Monthly Roundup Investment companies | Monthly | January 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
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07 Jul 2020 8 min read
QuotedData’s Economic Roundup – July 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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24 Jan 2020 20 min read
QuotedData’s Investment Companies Annual Review – 2019
In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]
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10 Jan 2020 8 min read
QuotedData’s economic roundup – January 2020
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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05 Jul 2019 6 min read
QuotedData’s economic roundup – July 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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11 Jul 2018 1 min read
QuotedData’s Economic round up – July 2018
QuotedData’s Economic round up – July 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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13 Mar 2018 1 min read
QuotedData’s investment companies roundup – March 2018
QuotedData investment companies roundup – March 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2018. Kindly sponsored by Baillie Gifford. Equity markets continued to run up in early February, supported by strong corporate earnings […]
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10 Jan 2018 1 min read
QuotedData’s economic round up – January 2018
QuotedData’s economic round up – January 2018 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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14 Sep 2017 1 min read
QuotedData investment companies roundup – September 2017
QuotedData investment companies roundup – September 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2017. Kindly sponsored by Baillie Gifford. September Investment Companies Roundup Winners and losers in August Ashmore Global’s […]
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12 Jul 2017 2 min read
QuotedData’s economic round up – July 2017
QuotedData’s economic round up – July 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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15 Mar 2017 1 min read
QuotedData investment companies roundup – March 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. March Investment Companies Roundup
News
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26 Jun 2024 2 min read
The Global Smaller Companies Trust sees solid return, although still lags benchmark
The Global Smaller Companies Trust (GSCT) announced its annual results for the year ended 30 April 2024. The company delivered a NAV total return of 9.0% (2023: -2.9%) versus 11.3% for the benchmark (2023: -2.1%). The share price total return was 12.7% (2023: -6.2%). The company also announced a 22.2% increase in its dividend, the […]
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15 Dec 2023 1 min read
QuotedData’s morning briefing 15 December 2023 – GRID, GSCT
In QuotedData’s morning briefing 15 December 2023: Gresham House Energy Storage (GRID) has announced that, on 12 December 2023, the National Grid Electricity System Operator has successfully launched its new “open balancing platform” and “bulk dispatch optimiser ” and started using it to trade battery energy storage systems in the balancing mechanism. The grid’s inability […]
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22 Jun 2023 1 min read
Global Smaller Companies delivers hefty dividend increase
The Global Smaller Companies Trust moved more or less in line with its benchmark over the 12 months ended 30 April 2023, returning -2.9% to the benchmark’s -2.1%. The benchmark changed on 1 May 2023 but for the period under review it was 30% Numis UK Smaller Companies (ex investment companies) and 70% MSCI All […]
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20 Jun 2022 1 min read
QuotedData’s morning briefing 20 June 2022
In QuotedData’s morning briefing 20 June 2022: Utilico Emerging Markets (UEM) has posted its final results for the year to 31 March 2022, during which time it delivered an NAV total return of 14.9% and a share price return of 17.6%, way ahead of the MSCI EM total return index which was down 6.9% over […]
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15 Jun 2022 1 min read
QuotedData’s morning briefing 15 June 2022
In QuotedData’s morning briefing 15 June 2022: BMO Global Smaller Companies (BGSC) has changed its name to The Global Smaller Companies Trust PLC. The company will explain the reasoning and announcing a new ticker in its annual results, due for release next week. Aberdeen Diversified Income & Growth (ADIG) has posted its interim results for […]
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18 Feb 2022 2 min read
QD view – The real dividend heroes
This week, Brunner Investment Trust (BUT) reached a landmark 50 years of consecutive dividend increases after it announced a proposed final dividend of 6.05p in its annual results, taking the total for the year to 20.15p, up from 20.06p for the year before. It joins only six other trusts that have achieved this success, including […]
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21 Jun 2021 5 min read
Revenue reserves save BMO Global Smaller Companies’ dividend track record
Revenue reserves save BMO Global Smaller Companies’ dividend track record – BMO Global Smaller Companies (BGSC) has announced its full-year results for the year ended 30 April 2021. The trust saw its NAV rise from 119.70p to 174.90p though the return of 47.9% was below its benchmark return of 54.1%. Meanwhile its share price total […]
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22 Jun 2020 2 min read
UK weighs on BMO Global Smaller Companies
Performance figures over BMO Global Smaller Companies’s (BGSC) annual results period to 30 April 2020 reflected the sharp fall in prices over March. A total NAV return of (13.8%) was slightly ahead of the benchmark’s (14.1%), while the shares were down (16.5%) – they have increased by about 6% post-period. BGSC’s portfolio was geographically allocated as […]
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14 Aug 2019 2 min read
QuotedData’s other news 14 August 2019
It has been a busy morning of half-year results announcements. In QuotedData’s other news 14 August 2019: Apax Global Alpha (APAX) reported interim results to 30 June 2019; total NAV retur was +13.4% (+12.9% in constant currency terms). Last 12 months total NAV return was +14.4% (+12.2% constant currency) reflecting primarily strong performance of the private equity portfolio. Aberdeen Asian Income […]
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09 Aug 2019 1 min read
QuotedData’s other news 9 August 2019
In QuotedData’s other news 9 August 2019 BMO Global Smaller Companies has announced the issue of £35m of fixed-rate 20-year unsecured private placement notes at a coupon of 2.26%. This refinances the company’s 3.5% Convertible Unsecured Loan Stock (“CULS”) which matured on 31 July 2019. RDL Realisation has announced a special dividend of 255p per share. The special […]
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19 Jun 2019 2 min read
BMO Global Smaller Companies announces share split
BMO Global Smaller Companies announces share split – BMO Global Smaller Companies has published results for the year ended 30 April 2019. The trust beat its benchmark (the MSCI All Country World ex UK Small Cap Index and the Numis UK Smaller Companies (excluding investment companies) Index in a 70/30% proportion), returning 3.8% in NAV terms […]
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21 Jun 2017 2 min read
F&C Global Smaller just fails to match rising benchmark
F&C Global Smaller just fails to match rising benchmark – it says that small cap stocks more than held their own against the larger companies, doing particularly well in the US, over the year ended 30 April 2017. The fund’s benchmark is a blended index of the returns from the MSCI All Country World ex UK […]
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15 Dec 2016 5 min read
F&C Global Smaller Companies broadly in line with benchmark during first half
F&C Global Smaller Companies has announced its interim results for the half-year ended 31 October 2016. During the period, the company has provided an NAV total return of 18.0% and a share price total return of 17.4%. The returns are modestly below that of the company’s benchmark index, which is calculated from the returns of […]
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23 Jun 2016 2 min read
F&C Global Smaller Companies outperformance aided by sterling weakness
F&C Global Smaller Companies, chaired by Anthony Townsend (pictured), has announced its annual results for the year ended 30 April 2016. During the period, the trust provided an NAV total return of 3.5% beating its benchmark (a 70%/30% blend of the MSCI All Country World ex UK Small Cap Index and Numis UK Smaller Companies Index), […]
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09 Dec 2015 4 min read
F&C Global Smaller ahead of benchmark
F&C Global Smaller Companies‘ interims covering the six months ended 31 October 2015 show the fund delivering a -1.5% return on net assets and a -0.8% return to shareholders. The benchmark is 70% MSCI World ex UK Small Cap Index and 30% Numis UK Smaller Companies (excluding investment companies) Index. This showed a -4.0% total […]
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29 Sep 2015 1 min read
F&C’s Ewins buys small cap bargains after the sell-off
Peter Ewins, manager of F&C Global Smaller Companies investment trust, is eyeing opportunities all over the world. http://citywire.co.uk/money/fandc-s-ewins-buys-small-cap-bargains-after-the-sell-off/a836116
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18 Jun 2015 1 min read
Big dividend leap for F&C Global Smallers
Over the year to the end of April 2015, F&C Global Smaller Companies generated a 16.2% return on net assets and a 17.6% return to shareholders. Their benchmark (MSCI All Country World ex UK Small Cap Index and Numis UK Smaller Companies (excluding investment companies) Index in a 70%/30% proportion) returned 14.8%. The full year […]
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15 Dec 2014 1 min read
F&C Global Smaller, beneficiary of takeover activity
Over the half year to the end of October 2014 F&C Global Smaller Companies delivered a return on net assets of 4.4% and a return to shareholders of 4.9%. The Company’s Benchmark is a blended index of the returns from the MSCI All Country World ex UK Small Cap Index (70%) and Numis UK Smaller […]
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02 Dec 2014 1 min read
The alternative plays in investment trusts
Source: http://www.moneymarketing.co.uk/news-and-analysis/analysis/the-alternative-plays-in-investment-trusts/2016533.article Income-seeking investors would do well to look at the alternative plays on offer in the investment companies space, such as renewable energy and asset leasing With interest rates held so low for so long, it is not surprising investors have been looking for alternative ways to generate income. That search is only set to […]
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25 Jun 2014 1 min read
F&C Global Smaller Companies : FCS – issue of loan stock
F&C Global Smaller Companies, as disclosed in its annual results, is considering an issue of loan stock to replace its existing long-term debt. The terms of the proposed issue have been disclosed today – £40m worth of 3.5% convertible unsecured loan stock, the coupon payable semi-annually in January and July (first payment on 31 January […]
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17 Jun 2014 1 min read
F&C Global Smaller Companies : FCS – annual results
F&C Global Smaller Companies has published its results covering the year that ended 30 April 2014. On a net asset value basis returns were broadly in line with the benchmark – 12.3% generated by the portfolio, rising to 12.6%, calculating the effect of marking the company’s debt to fair value, and a 12.4% return on […]
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17 Dec 2013 1 min read
F&C Global Smaller Companies : FCS – interim results
Results for the six months ended 31 October 2013 show an NAV return of 10.5% vs. a benchmark return of 10.8%. The share price return was 9.4%. The Board has increased the interim dividend by 25% to 2.5p per share.
Upcoming Events
Videos
In The Press
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25 Apr 2024 1 min read
Fundsmith or Baillie Gifford: Which should you pick for small-cap exposure?
By Jean-Baptiste Andrieux, Reporter, Trustnet, 25 April 2024: Fundsmith Equity and Scottish Mortgage rank high on investors’ buy lists due to their impressive performance over the past decade. As a result, fans of the two global large-cap portfolios might also be interested in their small-cap siblings, Smithson and Edinburgh Worldwide. In theory, small-caps should outperform […]
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10 Jul 2023 1 min read
Investment trust insider on global smaller companies
James Carthew: Smithson and GSCT look sensible options Smaller companies are out of favour as nervous investors prefer liquid mega caps (especially those with an AI angle, however tenuous). Nevertheless, in the global smaller companies sector, both Smithson (SSON) and Global Smaller Companies Trust (GSCT) have managed to make positive net asset value (NAV) progress […]
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08 Jun 2023 1 min read
The Dividend Heroes that grew their pay-outs the most
By Tom Aylott, Reporter, Trustnet, 8 June 2023: Dividend growth is an appealing attribute that those investing in trusts for income often look out for, but Trustnet found that seeking dividend growth alone can be littered with irregularities. However, the AIC’s 19 Dividend Heroes have increased their pay-outs for a minimum of 20 years, providing […]
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10 May 2023 1 min read
The eight income investment trust heavyweights: how sustainable are the dividends?
by Jennifer Hill from interactive investor, 10 May 2023: Eight investment trusts have half a century or more of increasing payouts to investors but deeper analysis is required to ascertain their true income prowess, reports Jennifer Hill… But dividend growth alone does not make a trust the best home for income seekers’ capital. A deeper […]
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22 Nov 2021 1 min read
Junior Isas are ten – have you got one for your child or grandchild?
If you had squirrelled away £100 a month, they could now have a pot worth £16,300 By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY 20 November 2021 The cost of bringing up children is considerable enough, without thinking about saving for their future as well. However, even small sums put aside early on in a child’s life […]
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21 Jun 2021 2 min read
Investment trust insider on BMO Global Smaller Companies
Investment trust insider on BMO Global Smaller Companies – James Carthew: How I’d shake up BMO Global Small Caps The Global Smaller Companies sector is a fairly tight-knit group. Tracked by the Association of Investment Companies, it has a couple of investment trusts with a strong bias to growth and technology, those being Edinburgh Worldwide (EWI) […]
