Scottish Mortgage Investment Trust remains the one investors want, says AIC


Scottish Mortgage Investment Trust PLC (LON:SMT) remains the most searched trust on the Association of Investment Companies’ website, the trade body said today.

SMT has been the UK’s best performer among the investment trust sector for each of the past one, five and ten years, according to Morningstar.

Over the past year, Scottish Mortgage, which has made huge gains on tech holdings in such as Amazon, Tesla and Tencent is up by 63%, by 406% over five years and an impressive 872% over a decade.

Second to SMT in the performance tables is Allianz Technology Trust, which over the past five years is up by 375% and by 761% over ten years.

Like SMT, the trust has done exceptionally well out of the tech boom, though curiously it ranks only twentieth in the AIC’s search list.

Allianz does not pay a dividend, which might be a reason as the AIC says that consistent dividend payers have grown in popularity during lockdown

Eleven of the 20 most viewed companies have increased their dividends for 20 or more years in a row.

New entrants meanwhile, included Monks Investment Trust PLC (LON:MNKS 11th), Caledonia Investments ( LON:CLDN 12th), RIT Capital Partners (LON:RCP 17th) and JPMorgan Global Growth & Income (LON:JGGIL 19th).

Traffic generally to the AIC site is rising, it said, adding that Month was a new record for monthly visits.


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