For investors looking to the Baillie Gifford stable to speculate on racy tech, flagship fund Scottish Mortgage Investment Trust would seem the odds-on favourite. But its counterpart, the Edinburgh Worldwide Investment Trust, has much of the same pedigree while being available at a slimmer premium.
The trust, also managed by the Scottish asset manager, aims for growth by investing in “immature entrepreneurial companies” across the globe that might have long-term potential. Holdings span sectors including software, biotech and aerospace and defence, but share attributes that fit within the managers’ brief for pursuing “innovation and technological advancement”. Most are publicly listed companies, but it can invest up to 15 per cent of assets in private companies. There is no dividend.
The main way it differs from
