Baillie Gifford's Tom Slater, co-manager of the £6.7bn Scottish Mortgage investment trust with James Anderson, recently explained to clients at the trust's Annual Investor Forum why there is more to come from the vehicle's largest positions after a strong run.
He said as value investing now appears to be overtaking a more growth-orientated approach, and Scottish Mortgage continues to be one of the top performing trusts in the closed-ended universe, it is understandable some investors may think the only direction for the trust is down and have asked themselves whether it is time to sell out. Slater said: "This is a question many of you have been too polite to address directly, but one that naturally comes up when you have an investment that has performed well." He compared the situation to the managers' own holdings in successful stocks, inc...
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