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 2021 to £7.93 as of 11 May 2022. According interactive investor, private equity investor 3i Group is now the UK's largest investment trust. SMT's market capitalisation now sits at £11.2bn, compared to £12bn for 3i Group. However, SMT still sits higher than 3i Group in terms of total assets. SMT's total assets are worth £14bn compared with £13bn for 3i Group. Scottish Mortgage raises £...
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