UK stocks continue to offer value
The Aberdeen Smaller Companies Income Trust (LON: ASCI) holds a concentrated portfolio of UK small-cap stocks with the managers focusing on quality growth opportunities with an income bias.
Their latest purchases include the Mortgage Advice Bureau, a leading mortgage intermediary platform, which has been added for its mix of income and growth, resilient performance and strong recent earnings.
Another new holding is the chemicals manufacturer Synthomer, whose polymers are used to produce latex gloves. The company is highly cash-generative and pays a three percent dividend yield.
Recruitment company Robert Walters was sold in 2020 because of the uncertainty about its earnings and dividend during the pandemic, but th...