Baillie Gifford-managed investment trust Scottish Mortgage (SMT) has seen its net asset value and share price rise over the past year, following a period of significant volatility.
In its full year results to the end of March 2025, SMT saw its NAV jump 11.2% and its share price tick up 6%. This represented a marginally better return than its FTSE All-World benchmark, which returned 5.5% over the same period, while the global sector average NAV return also increased by 5.5%. Despite this, the increases represented a downturn year-on-year. In the 12 months to 31 March 2024, SMT's NAV rose by 11.5% while its share price boomed by 32.5%. Scottish Mortgage buys into Revolut as banking firm surpasses $1bn profit marker Justin Dowley, the retiring chair of the...
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