Monks Investment Trust
For years, Monks has toiled in the shadow of Scottish Mortgage, its big brother investment trust and FTSE 100 member (Patrick Hosking writes). Both are managed by the well-regarded, patient and Edinburgh-based Baillie Gifford. Both like growth stocks that harness the way in which technology is changing the world. And both like to pep things up with a bit of gearing and will consider stocks from anywhere in the world.
Monks, though, is a bit more cautious and is seen as less risky. It is more diversified and takes less concentrated bets. And it has far less exposure to unlisted companies, a feature that might appeal to the many private investors burnt by the implosion of the Woodford empire last year.
