The Scottish Oriental Smaller Companies Trust plc is a closed-ended equity fund managed by First Sentier Investors (UK) Funds Limited and co-managed by First State Investment Management (UK) Limited. It invests in public equities across Asia, excluding Japan and Australasia, with a focus on small-cap companies with market capitalizations below $1.5 billion. The fund benchmarks its performance against the MSCI AC Asia (ex Japan) Index. It was formed on March 29, 1995 and is domiciled in the United Kingdom.