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

Clearing up misconceptions

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

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