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Aberdeen's Phil Webster: why I'm backing Close Brothers

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by Robert St George on Jun 18, 2014 at 11:47

Aberdeen's Phil Webster: why I'm backing Close Brothers

Phil Webster, manager of the Aberdeen Smaller Companies High Income Trust , explains what has attracted him to Close Brothers.

In this video interview, Webster also rejects the notion that there is no value left in small-caps.

Webster's £62 million trust has returned 92% over the past three years, compared with 65% from the FTSE SmallCap index - and yet despite this outperformance the fund itself offers a value opportunity, given that it trades on a 12% discount.

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