Investec recommends selling Baillie Gifford's Schiehallion

“Proposition is overshadowed”

clock • 2 min read
Baillie Gifford's headquarters

Baillie Gifford's headquarters

Analysts at Investec are recommending investors sell Schiehallion, whose shares are sitting the highest premium of any trust within the Association of Investment Company universe.

The trust has performed strongly since IPO in March 2019, with its ordinary NAV returning 72.5% compared to the MSCI World's 59.9%, the Investec reports shows. However, the analysts warned "the proposition...

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