View the article online at http://citywire.co.uk/money/article/a953364
Investment Trust Insider: issue 32 out now!
Exclusive interview with Tom Slater of Scottish Mortgage Trust, how property trusts braved Brexit plus analysts' tips and comments.
Welcome to the new issue of Investment Trust Insider!
'Open Sesame' Scottish Mortgage
We have an exclusive interview with Tom Slater, co-manager of the £4 billion Scottish Mortgage Trust (SMT ), on why the country’s largest equity investment trust has made a big move into unquoted, internet stocks, or ‘unicorns’, such as Airbnb, Spotify and Funding Circle.
It’s an exciting strategy that began with a hugely successful investment in Alibaba, China’s e-commerce giant. However, it carries risks and raises the question over how much the fund can tell investors about their investments.
Brexit and mortar
The suspension of seven open-ended property funds after the Brexit vote underlined the strength of real estate investment trusts which remained open for trading. Marcus Phayre-Mudge, manager of TR Property (TRY ), says the problems expose the flaws of open-ended funds investing in property. We explain why investment trusts’ ‘closed-ended’ structure is important and hear expert views on the prospects for commercial property and the attractive yields on offer to investors.
Buy, sell, hold
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In this guide to investment trusts, produced in association with Aberdeen Asset Management, we spoke to many of the leading experts in the field to find out more.
More about this:
Look up the investment trusts
- Scottish Mortgage (Ordinary Share)
- TR Property (Ordinary Share)
- Finsbury Growth & Income (Ordinary Share)
- Diverse Income Trust (Ordinary Share)
- Ruffer Investment Company (Ordinary Share)
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