Back in 1909, Louis Bleriot piloted the first flight across the Channel, making history – and winning a £1,000 prize from this newspaper. That same year, the Straits Mortgage and Trust was set up to finance the Malaysian rubber industry.
Today that investment trust, now known as Scottish Mortgage, is the world’s biggest and one of the most successful.
Its remarkable performance amid the pandemic share turbulence has set people asking: How did this retro-sounding trust, part of the Baillie Gifford group, become an £11.5billion FTSE 100 member and the way to take a wager on every type of 21st-century technology?
Since March, the trust’s shares have soared from 470p to 770p, propelled by the conviction that the Covid-19 pandemic will accelerate the dominance of Facebook, Google’s owner Alphabet, and Amazon – which is the second biggest holding in the portfolio.
https://www.dailymail.co.uk/money/investing/article-8440847/INVESTMENT-EXTRA-Scottish-Mortgage-delivers-world-return.html