The managers of the £3.4bn Scottish Mortgage trust said they need to 'renew their thinking' about some of the portfolio's key themes, after seeing opportunities become "exhausted" in the last few years.
In the trust's annual results, lead manager James Anderson said he is reviewing its technology-led strategy after seeing many of the opportunities in this area dry up. He said: "Our original contentions surrounding the attractions of technology investing are close to exhaustion." The trust's managers have long been keen supporters of technology investing, buying Alibaba before its IPO and investing at an early stage in Google, Facebook and Amazon, despite market consensus moving the other way. Anderson (pictured), who manages the trust alongside Tom Slater, was also more cautious a...
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