TEMPUS

Global view with a long-term approach

Ocado, the online grocery and technology group, was a star performer in Edinburgh Worldwide Investment Trust’s portfolio with an 86 per cent share price rise
Ocado, the online grocery and technology group, was a star performer in Edinburgh Worldwide Investment Trust’s portfolio with an 86 per cent share price rise
PETER NICHOLLS/REUTERS

With its shares worth about 50 per cent more than they were a year ago, it may be tempting to cash in on the strong run enjoyed by Edinburgh Worldwide Investment Trust (Greig Cameron writes). The focus is on boosting the share price further as the trust has little interest in paying dividends.

The trust was formed in 1998 and is run by Baillie Gifford in Edinburgh. Someone who bought in at about 420p when Douglas Brodie, the manager, came in at the start of 2014 could happily exit with a healthy return. Yesterday the shares were changing hands at more than 900p. As with any investment decision, one fear will be of bailing out too early.

Mr Brodie, in common with many of his