In this recent Scottish Mortgage Investment Trust webinar, deputy manager Lawrence Burns discussed growth stocks, volatility, and why the progress of Moore’s Law remains a positive for innovative companies.
Publication date: 10 Feb 2022
Published by: Baillie Gifford
Lawrence Burns (pictured left) sat down for a webinar with Citywire to discuss growth stocks, volatility, and why the progress of Moore’s Law remains a positive for innovative companies.
The video can also be accessed HERE
The above video gives you some very good insight into why access to entrepreneurs and visionary founders and academics matter.
All investment strategies have the potential for profit and loss. Past performance is not a guide to future returns. A Key Information Document for the Scottish Mortgage Investment Trust PLC is available by contacting us or by contacting Baillie Gifford directly. This communication was produced and approved in January 2022 by Baillie Gifford and has not been updated subsequently. It represents views held at the time of presentation and may not reflect current thinking.
The Scottish Mortgage Investment Trust (SMT:L) is one of the oldest, and largest listed investment trusts in the UK and at Ethical Offshore Investments, we believe that it offers significant upside potential for the longer term investor…… though investors do need to be prepared for volatility. In the video, Laurence does mention on a few occasions that draw downs / pullbacks of over 30% has hit their top holdings on many occasions and how it is important to have that ‘hold’ discipline to take advantage of these superior, high growth potential companies over the longer term.
Current top 10 holdings within Scottish Mortgage Investment Trust are Moderna, ASML, Illumina, Tesla, Tencent, NVIDIA, Meituan, Delivery Hero, Nio and Kerring.
If you are a long term investors and is interested in investing in the types of innovative companies listed above, I would suggest listening to the above webinar to get a better understanding on why the Trust is investing so much time and effort into such companies.
IMPORTANT INFORMATION AND RISK FACTORS
This webinar recording should not be considered as advice or a recommendation to buy, sell or hold a particular investment. This communication contains information on investments which does not constitute independent investment research. Accordingly, it is not subject to the protections afforded to independent research and Baillie Gifford and its staff may have dealt in the investments concerned. Investment markets and conditions can change rapidly and as such the views expressed should not be taken as statements of fact nor should reliance be placed on these views when making investment decisions. Baillie Gifford & Co Limited is authorised and regulated by the Financial Conduct Authority. Baillie Gifford & Co Limited is an Authorised Corporate Director of OEICs. The Scottish Mortgage Investment Trust is a listed UK company, and is not authorised or regulated by the Financial Conduct Authority. The value of its shares can fall as well as rise and investors my not get back the amount invested. A Key Information Document for the Trust is available by contacting us.
The specific risks associated with the fund include:
– The Trust invests in overseas securities. Changes in the rates of exchange may also cause the value of your investment (and any income it may pay) to go down or up.
– The Trust invests in emerging markets where difficulties in dealing, settlement and custody could arise, resulting in a negative impact on the value of your investment.
– The Trust can borrow money to make further investments (sometimes known as “gearing” or “leverage”). The risk is that when this money is repaid by the Trust, the value of the investments may not be enough to cover the borrowing and interest costs, and the Trust will make a loss. If the Trust’s investments fall in value, any invested borrowings will increase the amount of this loss.
– The Trust has significant exposure to private companies. The Trust’s risk could be increased as these assets may be more difficult to buy or sell, so changes in their prices may be greater. – The Trust can make use of derivatives. The use of derivatives may impact performance. All data is source Baillie Gifford & Co unless otherwise stated.
Any index data referenced is the property of one or more third party index provider(s) and is used under license. Such index providers accept no liability in connection with this document. For full details, see www.bailliegifford.com/legal Scottish Mortgage Webinar 0122 15202 10007291 Copyright © Baillie Gifford & Co 2015. Authorised and regulated by the Financial Conduct Authority.
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