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Standard Life Euro Smaller Companies

Equity

Equity Advanced Europe

The Standard Life European Smaller Companies Fund invests fully in the abrdn SICAV II-European Smaller Companies Fund. The aim of the abrdn SICAV II-European Smaller Companies Fund is summarised below. The Fund aims to achieve a combination of growth and income by investing in the smaller capitalisation companies in Europe, which adhere to the abrdn European Smaller Companies Promoting ESG Equity Investment Approach (the "Investment Approach"). Portfolio securities - The Fund invests at least 70% of its assets in smaller capitalisation equities and equity related securities of companies listed, incorporated or domiciled in Europe or having significant operations and/or exposure to Europe. - All equity and equity-related securities will follow the Investment Approach. - This approach utilises abrdn's equity investment process, which enables portfolio managers to qualitatively identify and avoid ESG laggards. To complement this research, the abrdn ESG House Score is used to quantitatively identify and exclude those companies exposed to the highest ESG risks. Additionally, abrdn apply a set of company exclusions which are related to the UN Global Compact, Controversial Weapons, Tobacco Manufacturing and Thermal Coal. More detail on this overall process is captured within the Investment Approach. - Financial derivative instruments, money-market instruments and cash may not adhere to this approach.

The fund is invested in the Standard Life Investments European Smaller Companies Fund which aims to provide long term growth by investing predominantly in the shares of smaller companies listed on European stock markets, including the UK. The fund is actively managed by our investment team, who will select stocks to try to take advantage of opportunities they have identified.

StatusOpen for Investment
Fund size€266M
SFDRArticle 8
ManagerAberdeen Investments: Andrew Paisley
FocusEurope

Risk rating

1

2

3

4

5

6

7

382.85

EUR

+37.01 (+10.70%) past 3 year

as of 19 May 2026
Asset Split

Industrials

38.6%

Health Care

11.1%

Materials

9.4%

Financials

9.3%

Consumer Staples

7.2%

Information Technology

6.1%

Communication Services

6.1%

Cash

5.7%

Consumer Discretionary

3.9%

Real Estate

2.6%

Top Holdings
#1

BACHEM HOLDING

#2

DERMAPHARM

#3
INTERPARFUMS 4.0

INTERPARFUMS

#4

INTERMEDIATE CAPITAL GROUP

#5

TROAX

#6
DIPLOMA 3.7

DIPLOMA

#7
TELEPERFORMANCE 3.5

TELEPERFORMANCE

#8
YOUGOV 3.5

YOUGOV

#9
GRAFTON 3.4

GRAFTON

#10

INTERPUMP

Asset Breakdown

European Eq (ex UK)

67.10%

GB

UK Equities

27.30%

Cash

5.70%

Geographic Allocation
GB

United Kingdom

27.30%

DE

Germany

19.30%

Other

10.20%

IT

Italy

9.60%

FR

France

8.60%

CH

Switzerland

8.40%

SE

Sweden

5.70%

ES

Spain

5.30%

Fund insights

Detailed information extracted from the fund factsheet.

Underlying fund: abrdn SICAV II-European Smaller Companies Fund

Managed by Aberdeen Investments

Derivatives

The Fund and its holdings may use derivatives for the purpose of efficient portfolio management, reduction of risk or to meet its respective investment objective if this is permitted and appropriate. The fund can use derivatives in order to meet its investment objective or to protect from price and currency movements. This may result in gains or losses that are greater than the original amount invested. The fund does make extensive use of derivatives.

ESG & sustainability

The Fund is classified as Article 8 under the EU’s Sustainable Finance Disclosure Regulation ("SFDR"). Article 8 funds are those that promote social and/or environmental characteristics, invest in companies that follow good governance, give binding commitments but do not have a sustainable investment objective. A minimum of 70% of the Fund’s assets are aligned with social and/or environmental characteristics. The Fund invests a maximum of 30% of assets in the “Other” category, which include cash, money market instruments and derivatives and investments that are not aligned with social and/or environmental characteristics. Aberdeen Investments, the Investment Manager of the fund, integrates sustainability risks and opportunities into its research, analysis and investment decision-making process. Aberdeen Investments believes that the consideration of sustainability risks and opportunities of a company can have a material impact on a company’s competitive position and future success and as such on long-term investment returns for investors. Aberdeen Investments' ESG integration requires, in addition to its inclusion in the investment decision making process, appropriate monitoring of sustainability considerations in risk management, portfolio monitoring, engagement and stewardship activities. Aberdeen Investments also engages with policymakers on ESG and stewardship matters. Combining the integration of sustainability risks and opportunities with broader monitoring and engagement activities may affect the value of investments and therefore returns.

Exclusions
controversial weapons
tobacco manufacturing
thermal coal

Frequently asked questions

Common questions about Standard Life Euro Smaller Companies.

The Standard Life European Smaller Companies Fund invests fully in the abrdn SICAV II-European Smaller Companies Fund. It targets smaller capitalisation companies in Europe and invests at least 70% of assets in smaller company equities and equity-related securities. The fund also holds some cash and may use derivatives, money-market instruments and cash that do not necessarily follow the same investment approach.

The Standard Life European Smaller Companies Fund follows the abrdn European Smaller Companies Promoting ESG Equity Investment Approach. Aberdeen Investments uses active research to identify ESG laggards and applies the abrdn ESG House Score to screen out companies with the highest ESG risks. It also excludes companies linked to UN Global Compact breaches, controversial weapons, tobacco manufacturing and thermal coal.

The Standard Life European Smaller Companies Fund is classified as an Article 8 fund, so it promotes social and/or environmental characteristics rather than having a sustainable investment objective. At least 70% of its assets are aligned with those characteristics. Investors should note that the remaining assets may include cash, money market instruments, derivatives and other investments that are not aligned in the same way.

The Standard Life European Smaller Companies Fund carries equity risk, smaller companies risk, liquidity risk, counterparty risk and derivatives risk. Equity risk means share prices can fall as well as rise; smaller companies risk means the shares of smaller firms can be more volatile and harder to trade. Counterparty risk is the chance that another party to a transaction, such as a derivatives contract, fails to meet its obligations.

The Standard Life European Smaller Companies Fund invests in a concentrated portfolio focused on Europe and smaller companies, which can make it more volatile than a broadly diversified fund. Its holdings are spread across sectors such as Industrials, Financials, Consumer Discretionary and Health Care, with country exposure including the United Kingdom, Italy, Germany and France. Because of that regional and style focus, performance may depend more heavily on conditions affecting European smaller companies.

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Standard Life Euro Smaller Companies

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