About Scottish Oriental Smaller Companies Trust plc
‘Our approach to investing puts long-term investing at the forefront, focussing on high-quality, market-leading companies which will reward investors of the future, irrespective of the wider economic landscape.’
- Sree Agarwal, Lead Manager
Scottish Oriental
Scottish Oriental is one of the longest running investment trusts that invests in Asian smaller companies.
The team behind Scottish Oriental are FSSA Investment Managers, who specialise in investing in Asia and global emerging markets (i.e. less developed and lower-income parts of the world). The team are headquartered in Hong Kong, and have offices in Singapore, Edinburgh and London.
Our aim
Our aim is to grow your money in the long term, and that hasn’t changed since Scottish Oriental was launched in 1995.
We do this by investing in smaller companies. We view smaller companies as those valued at below US$5bn, or the equivalent, at the time when we first invest, and we believe that the small companies of today could be the market leaders of the future.
Risk factors
Capital at risk. The value of investments and any income from them may go down as well as up and are not guaranteed. Investors may get back significantly less than the original amount invested.
Where we invest
We invest in companies in countries including Australasia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Pakistan, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand and Vietnam, and potentially other countries in Asia with approval from our Board.
Our approach
We look to identify quality companies, buy them at a sensible price, and then hold them for the long term.
We aim to generate attractive returns for our investors on an absolute basis, meaning we define risk as the permanent loss of our clients’ capital, rather than returns compared to benchmarks or peers.
We look for the people who founded or are running these companies to act with integrity and be aware of any risks, and we like to find companies dominant in their own sector with the ability to deliver consistent predictable returns for our investors over the long term.
Our investment process
To find good companies, we need good ideas. The most significant source of investment ideas for us comes through company visits. The team behind Scottish Oriental We conduct more than a thousand direct company meetings throughout the year, always looking to detect that small sub-set of quality companies that meet our investment criteria. Clear emphasis is placed on frequent visits to countries in the Asian region and on meeting the management teams of those companies which we invest, or are considering investing, in.
While cultural, political, economic and sectoral influences are a factor in our decision-making process, we try to see beyond the noise to find what we think are the best companies. The availability of attractively-priced, good quality companies with solid long-term growth prospects is the major decider in whether we invest.
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Important Information
This document has been prepared for informational purposes only and is only intended to provide a summary of the subject matter covered and does not purport to be comprehensive. The views expressed are the views of the writer at the time of issue and may change over time. It does not constitute investment advice and/or a recommendation and should not be used as the basis of any investment decision.
This document is not an offer document and does not constitute an offer or invitation or investment recommendation to distribute or purchase securities, shares, units or other interests or to enter into an investment agreement. No person should rely on the content and/or act on the basis of any material contained in this document.
Net Asset Value (NAV) performance is not the same as share price performance and shareholders may realise returns that are lower or higher than NAV performance.
This document is confidential and must not be copied, reproduced, circulated or transmitted, in whole or in part, and in any form or by any means without our prior written consent. The information contained within this document has been obtained from sources that we believe to be reliable and accurate at the time of issue but no representation or warranty, express or implied, is made as to the fairness, accuracy, or completeness of the information. We do not accept any liability whatsoever for any loss arising directly or indirectly from any use of this information.
References to "we" or "us" are references to First Sentier Group. In the UK, issued by First Sentier Investors (UK) Funds Limited which is authorised and regulated by the Financial Conduct Authority (registration number 143359). Registered office Finsbury Circus House, 15 Finsbury Circus, London, EC2M 7EB number 2294743.
Scottish Oriental Smaller Companies Trust plc ("Company") is an investment trust, incorporated in Scotland with registered number SC0156108, whose shares have been admitted to the Official List of the London Stock Exchange plc. The Company is an alternative investment fund and has appointed First Sentier Investors (UK) Funds Limited as the alternative investment fund manager for the Company. Further information is available from Client Services, First Sentier Group, Finsbury Circus House, 15 Finsbury Circus, London, EC2M 7EB or by telephoning 0800 587 4141 between 9am and 5pm Monday to Friday or by visiting www.scottishoriental.com. Telephone calls with First Sentier Group may be recorded.
First Sentier Group entities referred to in this document are part of First Sentier Group, a member of MUFG, a global financial group. First Sentier Group includes a number of entities in different jurisdictions. MUFG and its subsidiaries do not guarantee the performance of any investment or entity referred to in this document or the repayment of capital. Any investments referred to are not deposits or other liabilities of MUFG or its subsidiaries, and are subject to investment risk including loss of income and capital invested.
© First Sentier Group
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