Scottish Mortgage loses position as largest trust

Replaced by 3i

clock • 1 min read
Scottish Mortgage loses position as largest trust

Scottish Mortgage Investment Trust (SMT) is no longer the UK's largest investment trust in market cap terms after a crash in the value of technology stocks.

This downturn comes as a contrast to the consistent growth delivered by the trust over a number of years. The trust's share price has dropped nearly 50% from a high of around £15 per share in November...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Investment

Stuart Kirk , global head of responsible investing at HSBC Asset Management, whose speech on 19 May has been called into question

HSBC AM's 'head of irresponsible investment' condemned over climate speech

‘Totally bizarre’

James Baxter-Derrington
clock 20 May 2022 • 3 min read
"ESG investing can be a cause for good, it just needs to be done in the right way and for the right reasons." - Austen Robilliard

Austen Robilliard: ESG investing within model portfolios

'Advisers between and rock and a hard place'

Austen Robilliard
clock 20 May 2022 • 4 min read
Cryptocurrency advertisements by firms such as crypto.com, Coinbase, Luno or eToro have breached the UK’s Advertising Standards Association (ASA) guidelines over 86 times, a new study carried out by Crypto Head has revealed

Crypto ads breach UK guidelines over 44 times for 'misleading advertising'

Study from Crypto Head

clock 20 May 2022 • 2 min read