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Securities Trust of Scotland
moneylover
Posts: 1,664 Forumite
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?
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?
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Comments
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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/"The happiest of people don't necessarily have the
best of everything; they just make the best
of everything that comes along their way."
-- Author Unknown --0 -
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.Living for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.
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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)0
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I am a contrarian in many ways and therefore object in general to ever paying a premium.0
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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.0
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