Smaller companies will be buffeted more violently by the waves that follow Brexit, particularly those that are entirely reliant for their earnings on British economy and its wary consumers. At least, that’s what the economists say, pointing to the cushion that larger businesses should have as a result of their scale and diversifying presence in overseas markets. Instinctively, then, it’s tempting to assume that the Blackrock Smaller Companies Trust is going to be vulnerable to the economic fallout as a result of its complete lack of holdings in FTSE 100 stocks.
Well, not exactly. It was launched in May 1906 as an investment trust designed to generate long-term capital growth through taking positions in smaller companies listed in Britain. It is one of a large