A contrarian approach to selecting companies appeared to suit The Scottish Investment Trust (Greig Cameron writes). The tactic of finding “ugly ducklings” that are undervalued by the market will always have an appeal to an investor keen to find a bargain.
The Edinburgh-based company stood out for being one of the few listed trusts that still employs its in-house team of stockpickers. Most of the others have gone down the route of outsourcing that function to external suppliers.
However, it appears that the Scottish, as it is known, might be about to follow. Last week the board said that it would review investment management operations. Stanhope Consulting is leading that work and is expected to report its findings towards the end of the summer.
