Scottish Mortgage offers an easy way of investing in high-tech growth companies such as Amazon, Facebook and three Chinese internet stocks. Although income from the shares is limited, its long-term record on capital appreciation is good.
Investors in Scottish Mortgage Investment Trust cannot say they do not know what they are getting. The trust reiterated its strategy in last week’s half-year figures. “Scottish Mortgage is best suited to those who share its long-term approach to investing.”
This is a conviction investor, willing to hold stakes for five years or more and with only 75 holdings, the top 30 accounting for 85 per cent of all assets and the top ten for more than half. Investors who have been in for the long haul can have