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 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.

    6 Months

    Fund

    Sector

    1 Year

    Fund

    Sector

    5 Years

    Fund

    Sector

    NAV247.85
    Fund ManagerDominic Neary
    NDY (£M)4.20
    Fund SectorGlobal Equity Income
  • 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.

    6 Months

    Fund

    Sector

    1 Year

    Fund

    Sector

    5 Years

    Fund

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    NAV1025.96
    Fund ManagerTom Slater, ...
    NDY (£M)1.43
    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.

    6 Months

    Fund

    Sector

    1 Year

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    5 Years

    Fund

    Sector

    NAV424.5
    Fund ManagerTom Walsh, ...
    NDY (£M)1.05
    Fund SectorGlobal
Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
Monks Investment Trust PLC12.0814.7792.72-11.42424.50Buy
Scottish American Investment Company PLC2.8313.86144.46-2.36247.85Buy
Scottish Mortgage Investment Trust28.6748.17225.06-2.771,025.96Buy
3i Group Plc Ord30.5847.40164.8014.63325.74Buy
3i Group Plc Pref-2.947.260.52--Buy
3i Infrastructure6.7733.08106.8814.08118.34Buy
Aberdeen Asian Income Fund Limited-20.7726.99127.383.30192.16Buy
Aberdeen Asian Income NAV-----Buy
Aberdeen All Asia Investment Trust PLC-13.6812.22109.18-8.69356.20Buy
Aberdeen Japan Investment Trust PLC NAV-----Buy
Aberdeen Latin American Income Fund Limited-33.16-19.35--7.9384.71Buy
Aberdeen Latin American Income Ltd Sub-75.00-51.12---Buy
Aberdeen Private Equity Fund Limited-10.0420.89103.72-24.29105.01Buy
Aberforth Smaller Companies Trust plc Ord44.4386.77250.91-8.621,193.91Buy
Aberforth Geared Income Trust Plc Ord 1P49.83100.00--16.14202.56Buy
Aberforth Geared Income Trust Plc ZDP 1P6.9527.18---Buy
Aberdeen UK Tracker Trust Plc9.4631.52114.86-5.66320.11Buy
Aberdeen UK Tracker Trust Plc NAV-----Buy
Aberdeen Asian Smaller Companies Investment Trust PLC-22.2036.46287.35-3.22886.55Buy
Aberdeen Asian Smaller Companies Investment Trust PLC NAV-----Buy
Aberdeen New Dawn Investment Trust PLC-13.542.51128.41-8.03188.10Buy
Aberdeen New Dawn Investment Trust PLC NAV-----Buy
Aberdeen New Thai Investment Trust PLC-33.0054.01258.44-13.83440.54Buy

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

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

The experts are almost unanimous: that the UK is in for a solid bull market. Sarasin & Partners says annual equity returns of 12% are not unrealistic over the next few years.

It bases its model on conservative assumptions, such as a dividend yield of 2.5% (an estimate that excludes share buybacks, which reduce the number of shares in circulation and therefore boost payout per share), real dividend growth of 3.5% (also understated compared with the IMF's forecast GDP growth of 3.8%) and inflation using forecasts based on a figure of 2.5%.

Thu, 17th April 2014 - 10:10

The government's decision in March to refer the big six energy providers to the CMA risks damaging the active income portfolio's returns.

Baillie Gifford News

Money Observer Rated Funds 2014: Japan's smaller companies steal limelight

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The Nikkei 225 is up 32% and the government's reflationary programme should continue to support business growth, especially for export-oriented companies.

Money Observer Top seven tips for solid growth investing

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.