This is not substantive investment research or a research recommendation, as it does not constitute substantive research or analysis. This material should be considered as general market commentary.
The sell-off over the past year has seen many investments trusts trade at substantial discounts to NAV. Discounts have widened markedly in the small cap and mid cap space, leading to some potential opportunities for investors to exploit. In the following strategy note, we review the state of play in the UK Smaller Companies sector and highlight some interesting looking trusts.
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