Trust Standard Life Investments to win another award

Leading fund manager, Standard Life Investments has announced its win of the Smallcap Fund of the Year award at the Growth Company Awards 2009 for the performance of its' Standard Life UK Smaller Companies Trust Plc.

The Trust has outperformed the Hoare Govett Smaller Companies Index (ex Investment Companies) by 19%, 30% and 68% over one, three and five years respectively (to 31/12/08).

To win the award, Standard Life Investments beat off stiff competition from the Marlborough UK Micro-Cap Growth Trust; Old Mutual UK Select Smaller Companies; SWIP Smaller Companies Value Investment Trust and Gartmore Growth Opportunities Investment Trust. Gordon Humphries, Head of Investment Trusts at Standard Life Investments, said;

"Harry Nimmo's ability to outperform the Hoare Govett Smaller Companies Index and to provide investors with consistent returns over sustained periods of time is worthy of public recognition.

There has been no shortage of this during 2009, as Harry and his team have now received accolades at the PLC Awards, MoneyWise Investment Trust Awards and the number one spot in Citywire's Top One Hundred Fund Manager of the Year Awards and we are delighted to receive this latest award.

"2009 has also been a busy year for the team following the merger of Standard Life UK Smaller Companies Trust plc and Gartmore Smaller Companies Trust in February - a move that almost doubled the gross assets of the trust to approximately £63m. The Trust is now almost fully invested and shareholders can look forward to reaping the benefits of an enlarged trust with a greater asset base and reduced basic management fee over the long term."