Baillie Gifford's James Anderson, co-manager of the £4bn Scottish Mortgage investment trust, has said he should have invested more money into top holding Amazon and expects its subsidiary Amazon Web Services to be the "world's largest and most successful business in ten years' time".
The stock, which currently represents just over a tenth of the portfolio, has been a long-time favourite of Anderson's, who has held it for ten years. Anderson (pictured) said he has rarely had a meeting in the last five years in which he was not asked why he has so much money in Amazon. But far from doubting his conviction in the stock, the veteran manager believes he should be holding more. Trust giants seek greater powers to find next Alibaba Speaking at an investment company seminar held by Canaccord Genuity, Anderson said: "It can be hard to convince outsiders and even the boa...
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