Securities Trust of Scotland

moneylover

I keep seeing the same investment trusts 'tipped' all over the place. Today I stumbled over Securities Trust of Scotland I think it was an article on Citywire by the manager about something or other (my brain scrambled as its well past bedtime)
Anyway, when I looked it up on Trustnet its currently 1/8 inGlobal Growth and Income the discount is plus 2.62 and it pays about 4.2 in dividend.
I know its recently changed sector so maybe its a bit soon to tell how it will do but I wondered if anyone holds this trust and what they think of it at the moment?

competitionscafe

moneylover wrote: »

the discount is plus 2.62

That's a premium then.

It has only just recently changed remit and manager so no track record to go on.
http://www.moneyobserver.com/news/11-07-19/securities-trust-scotland-given-green-light-global-move

Despite the global remit it is mostly invested in Europe (51.3%) and North America (37.8%).
http://www.securitiestrust.com/trust_profile/

Ark_Welder

I don't hold it. Don't like the structure of the performance fee: can still be earned in falling markets, and no high watermark. Objections to the fee could be overcome if I thought that this fund was giving something more - or different - to what is available elsewhere.

moneylover

thanks both of you and Ark Welder, nice to hear from someone who has considered it as it s easy to be taken in (as a novice) by positive comment (Citywire I think)

atush

I am a contrarian in many ways and therefore object in general to ever paying a premium.

moneylover

well if you can find me any IT that is making some decent growth or income, or at least standing still, I would like to know about it whichever sector it is.
Every article I read in IC, Citywire, bla bla bla is the same old investment trusts being recycled and all on a premium or as Arkwelder just commented, got a high performance fee. I like a bit of jam today (not a lot) but I dont like investing in things that are going to carry on going down and I have got to pin my hopes on there being a bit more in the pot in ten years time if I am lucky.
I expect thats why most of my money is still in the bank but am trying to spread my wings a little.