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Trust Insider: how Scot Mortgage quietly became the UK's biggest trust
by James Carthew on Apr 01, 2014 at 00:01
Other fund managers tilting their portfolios towards stocks likely to benefit from the growth of the emerging market economy have been struggling recently in the wake of slowing Chinese growth and falling commodity prices, so SM’s continued outperformance deserves to be commended. Clearly it has the right emerging markets exposure.
I have held SM for some time and I am a fairly happy to continue to do so, even while it is trading at asset value.
The concentration of the portfolio would put me off making it a core holding in my portfolio, but I would consider adding to it if we have a decent market correction.
James Carthew is a director at Marten & Co
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