Numis adds Scottish Mortgage to recommended list

Replaces stablemate Monks

David Brenchley
clock • 4 min read

Numis Securities has added Scottish Mortgage to its equity investment companies recommended list as a 'core buy’, replacing stablemate Monks, after strong 2020 performance.

One other addition to the broker's list in July was AVI Global as a 'trading buy' due to the trust offering "an attractive risk/return potential given the double-digit discount and the 37% discount on the underlying portfolio". Elsewhere, Law Debenture and India Capital Growth were removed as 'trading buys' on discount narrowing and a change in outlook respectively, with J.P. Morgan Global Real Assets (JARA) added as a 'trading sell' on its 16% premium looking "excessive". Scottish Mortgage's Flood: Sometimes the best thing to do is nothing While "wary of chasing strong performance...

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