Frustrating outcome for Saints

uk investments damage scottish american trust's performance over six months to end of june

The Scottish American investment trust's equity positions damaged performance over six months to 30 June, while exposure to bonds and property was beneficial. Just over half of Saints assets are invested in the UK and, according to chairman Brian Ivory, that portion of the vehicle returned 5.6% while the UK market grew by 6.1%. "This was a frustrating outcome after what had been a strong start and given that most of the companies performed well operationally," Ivory said. "We had some notable winners, such as mining company Lonmin and hedge fund manager Man Group, but these were offset b...