Why Scottish Mortgage is a value trust and not a tech trust

Clearing up misconceptions

Lauren Mason
The investment trust's largest individual holding is e-commerce giant Amazon

The investment trust's largest individual holding is e-commerce giant Amazon

The £8.6bn Scottish Mortgage investment trust often gets incorrectly labelled as a technology fund and is mistakenly deemed "not to be a value fund", according to Baillie Gifford's Catharine Flood.

The client service director, who has worked closely alongside co-portfolio managers James Anderson and Tom Slater for more than 11 years, said there are numerous misconceptions about the 88-stock investment vehicle, which she warned can damage investors' expectations of how the vehicle should perform, or what its portfolio should look like. "It always makes me smile when people say, 'you're not value investors'. Every investor is a value investor, because they look at what they have to pay and consider whether they have the potential to make the return they are looking for over their giv...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Investment Trusts

Steve Windsor of Atrato Group

Look beyond traditional asset allocation for long-lasting inflation-linked returns

Supermarkets, green energy and housing

Steve Windsor
clock 15 August 2022 • 3 min read
The trust, which is sitting on a 37.5% discount according to Morningstar data, had a difficult first half of the year.

Space Trust's portfolio company pulls merger due to change of markets

First announced in January

Kathleen Gallagher
clock 15 August 2022 • 2 min read
abrdn's Bruce Stout said the most "corrosive" of all factors was the "tangible change in sentiment"

Discount narrows on Murray International as it delivers positive returns

9.5% share price total return

Kathleen Gallagher
clock 12 August 2022 • 2 min read