Kepler has re-iterated its conviction in the Aberdeen Smaller Companies Income, Henderson Opportunities and River & Mercantile UK Micro Cap trusts as it reviews its portfolio of discount opportunities three months after launch.
The trio of UK equity trusts have seen their discounts widen since February as Brexit uncertainty continues to depress sentiment towards domestic stocks. However, Kepler's Thomas McMahon said this has opened up "even more of an opportunity" in the former two. The widening of the Aberdeen and Henderson trusts have purely been a result of rising share prices failing to keep pace with even sharper net asset value rallies. Woodford points to second wave of disruptors for performance uplift on PCT in 2018 While River & Mercantile UK Micro Cap's discount has potentially widened becaus...
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