Investment Trusts

Introduction to Investment Trusts

An investment trust (also known as an investment company) is structured as a company and listed on a stock exchange. It is a type of collective investment, investing in stocks, bonds, property and other assets. An investment trust sells a fixed number of shares at launch and so has a fixed pool of assets to invest. The fixed asset structure means that a trust's share price may be at a discount or premium to the actual value of the underlying assets. Find out more about Investment Trusts.

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Baillie Gifford has been managing investment trusts since 1909. Our success has been built on finding good investment opportunities for clients through extensive independent research. Our fundamental analysis and judgement over the years have helped us to become one of the largest investment trust managers. Find out more about Baillie Gifford.

Baillie Gifford

  • Scottish Mortgage Investment Trust

    Scottish Mortgage carries on business as an Investment Trust. The investment objective is to maximise total return, whilst also generating real dividend growth, from a focused and actively managed global portfolio. The equity portfolio is relatively concentrated and investments are chosen on their long term merits rather than with reference to geographical asset allocation or the composition of an index. The Company aims to achieve greater return that the FTSE All World Index (in sterling terms) over a five year rolling period.

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    NAV1048.21
    Fund ManagerJames Anderson, ...
    NDY (£M)1.41
    Fund SectorGlobal
  • Monks Investment Trust PLC

    This trust aims for long-term capital growth, principally from an internationally diversified equity portfolio. It is prepared to move freely between markets and adjust investment style as opportunities arise, but capital growth takes priority over income.

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    NAV431.72
    Fund ManagerGerald Smith, ...
    NDY (£M)1.05
    Fund SectorGlobal
  • Scottish American Investment Company PLC

    This trust aims to achieve capital and income growth in order to grow the dividend at a faster rate than inflation. The focus of the portfolio is on listed equities, both UK and overseas, but investments are also made in bonds, property and other asset types.

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    NAV249.77
    Fund ManagerDominic Neary
    NDY (£M)4.17
    Fund SectorGlobal Equity Income
Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
Monks Investment Trust PLC12.0814.7792.72-12.79431.72Buy
Scottish American Investment Company PLC2.8313.86144.46-1.71249.77Buy
Scottish Mortgage Investment Trust28.6748.17225.06-3.451,048.21Buy
3i Group Plc Ord30.5847.40164.8018.54326.30Buy
3i Group Plc Pref-2.947.260.52--Buy
3i Infrastructure6.7733.08106.8814.09118.24Buy
Aberdeen Asian Income Fund Limited-20.5027.42128.163.05192.02Buy
Aberdeen Asian Income NAV-----Buy
Aberdeen All Asia Investment Trust PLC-13.6812.22109.18-10.14361.94Buy
Aberdeen Japan Investment Trust PLC NAV-----Buy
Aberdeen Latin American Income Fund Limited-33.16-19.35--7.1384.13Buy
Aberdeen Latin American Income Ltd Sub-75.00-51.12---Buy
Aberdeen Private Equity Fund Limited-10.0420.89103.72-23.64104.92Buy
Aberforth Smaller Companies Trust plc Ord44.4386.77250.91-5.651,210.40Buy
Aberforth Geared Income Trust Plc Ord 1P49.83100.00--16.24205.79Buy
Aberforth Geared Income Trust Plc ZDP 1P6.9527.18---Buy
Aberdeen UK Tracker Trust Plc9.4631.52114.86-4.62325.03Buy
Aberdeen UK Tracker Trust Plc NAV-----Buy
Aberdeen Asian Smaller Companies Investment Trust PLC-22.2036.46287.35-1.65884.57Buy
Aberdeen Asian Smaller Companies Investment Trust PLC NAV-----Buy
Aberdeen New Dawn Investment Trust PLC-13.542.51128.41-8.25188.01Buy
Aberdeen New Dawn Investment Trust PLC NAV-----Buy
Aberdeen New Thai Investment Trust PLC-33.0054.01258.44-13.32442.44Buy

Disclaimer

Interactive Investor does not endorse any particular product. If you are unsure about whether an investment is suitable for you please seek advice from a financial advisor.

Featured Trust

Scottish Mortgage is a low-cost equity fund which invests on a global basis. Stocks are carefully selected for their strong growth prospects. The Trust aims to outperform world stock market indices over a five year rolling period.

Investment trust analysis

Wed, 23rd April 2014 - 10:00

With one exception, fund managers canvassed on the outlook for UK housebuilders see shakier foundations for growth in the sector.

Thu, 17th April 2014 - 14:47

Nick Leslau and Sir Tom Hunter will float their £1.5 billion property portfolio, Prestbury Investments, on AIM.

Thu, 17th April 2014 - 11:44

In a bullish outlook, the tactical asset allocator portfolio has added more European equities exposure via an under-rated investment trust.

Baillie Gifford News

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Fri, 31st January 2014 - 11:18

Experts give their top tips for growth investors looking for opportunities to cash in on a bullish economic outlook in the UK and internationally.

Money Observer Six portfolios for growth investors

Mon, 20th January 2014 - 10:56

Andrew Pitts and Helen Pridham introduce Money Observer's reconfigured model portfolios for the growth investor, with up to 40% gains.