Scottish Mortgage just shy of joining FTSE 100
Quarterly reshuffle of blue-chip index
Baillie Gifford's Scottish Mortgage investment trust has made the reserve list for the FTSE 100, just missing out on becoming the third ever investment company to enter the index, in the latest FTSE quarterly review.
The £4.2bn trust has grown significantly over the year, thanks to positions in the fast-growing technology sector including stocks Google and Amazon and, more recently, a higher weighting towards innovative,...
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