Montanaro UK Smaller Companies Investment Trust
The Trust aims to achieve capital growth by investing in small companies listed on the London Stock Exchange or its Alternative Investment Market (AIM). It seeks relative outperformance of its benchmark, the Numis Smaller Companies Index.
The Trust also offers a regular income. Each quarter the Trust distributes 1% of its NAV, equivalent to a dividend yield of c.4% per annum.
Bloomberg Ticker / EPIC: MTU LN
Why UK Smaller Companies?
We believe that every investment portfolio should have some exposure to SmallCap, primarily owing to:
- The ‘SmallCap Effect’ – the proven long-term outperformance of smaller companies versus their LargeCap peers*
- A wealth of choice, with hundreds of quoted SmallCap companies operating in the UK
- A lack of research, making for an inefficient market ripe with opportunity for those who invest in thorough analysis
- Portfolio diversification – helping to lower portfolio risk
*Source: see research from Dimson & Marsh
How we invest
Our investment process has remained unchanged for many years:
- We invest exclusively in “Quality Growth” companies
- We generate new ideas ourselves (no brokers)
- We do thorough research ourselves, which includes detailed analysis and company site visits
- We integrate ESG fully into company analysis
- We take a conservative approach to valuation
How to invest
Find out more about how to invest in MUSCIT.
Receive updates about this trust
You can sign up to receive news about this trust via the London Stock Exchange or Investegate.
Alternatively, please contact a member of our marketing team at enquiries@montanaro.co.uk
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Principal advisers
Alternative Investment Fund Manager and Investment Manager
Montanaro Asset Management Ltd.
53 Threadneedle Street
London
EC2R 8AR
Tel: 020 7448 8600
Company Secretary
Juniper Partners Limited
28 Walker St
Edinburgh
EH3 7HR
Tel: 0131 378 0500
Email: cosec@junipartners.com
Registrar
Link Group
10th Floor
Central Square
29 Wellington Street
Leeds
LS1 4DL
Tel: 0871 664 0300
Administrator
Juniper Partners Limited
28 Walker St
Edinburgh
EH3 7HR
Tel: 0131 378 0500
Depositary
BNY Mellon Trust & Depositary (UK) Limited
BNY Mellon Centre
160 Queen Victoria Street
London
EC4V 4LA
Custodian
Bank of New York Mellon SA/NV
London Branch
One Canada Square
London
E14 5AL
Banker
ING Bank N.V.
London Branch
60 London Wall
London
EC2M 5TQ
Broker
Cenkos Securities
6-8 Tokenhouse Yard
London
EC2R 7AS
Registered Office
Montanaro Asset Management Ltd.
53 Threadneedle Street
London
EC2R 8AR
Tel: 020 7448 8600
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Annual and Interim Reports
- Annual report - 2024
- Annual report - 2023
- Annual report - 2022
- Annual report - 2021
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- Interim / Half-Yearly Report - 2023
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- Interim / Half-Yearly Report - 2010