Scottish Mortgage loses position as largest trust

Replaced by 3i

clock • 1 min read
The share price has dropped 50% in six months
Image:

The share price has dropped 50% in six months

Scottish Mortgage Investment Trust (SMT) is no longer the UK's largest investment trust in market cap terms after a crash in the value of technology stocks.

This downturn comes as a contrast to the consistent growth delivered by the trust over a number of years. The trust's share price has dropped nearly 50% from a high of around £15 per share in November...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

Trustpilot