Trust Issues: Investing in UK small-caps with BRSC

In this episode, we speak to Thomas McMahon, Head of Investment Companies Research at Kepler Trust Intelligence, about the opportunity for investors in UK small-caps and BlackRock Smaller Companies in particular.

We discuss the outlook for the sector, including recent performance and the economic backdrop, alongside BRSC’s investment strategy, recent merger and income credentials.

00:00 Introduction

00:25 Why invest in UK small-caps

02:48 Sector performance

04:00 Rationale for merger

04:50 Changes to fees and tender offers

05:37 Investment strategy

06:15 Portfolio construction

06:55 Risk management

07:45 Income credentials

08:32 Outlook for UK small-caps

09:20 Why invest in BRSC

10:17 Further information

10:38 Risk warning

Our latest note on BRSC - https://www.trustintelligence.co.uk/investor/articles?fund_id=127

BRSC website - https://www.blackrock.com/uk/solutions/investment-trusts/our-range/blackrock-smaller-companies-investment-trust/trust-information

Please note that this podcast was recorded on 1 July 2026.