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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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