HNWI - does it have to be a person or a fund like SMT?24 Jul 2021 17:59
interesting article in the Telegraph about SMT redirection to biotech -
https://www.telegraph.co.uk/investing/funds/scottish-mortgage-backs-vaccine-pioneers-become-next-amazon/
not beyond the possibilty of SMT taking a stake? So question does HNWI in an RNS have to be a person or would a significant fund count?
Britain’s largest investment trust, Scottish Mortgage, is famous for its bold and early bets on technology giants such as Amazon, Tesla and Netflix.
But a deeper look inside its £19bn portfolio reveals something unexpected: the two largest holdings are now healthcare companies and almost a fifth of its investments are linked to life sciences.
DNA mapping company Illumina and biotechnology business Moderna, now a household name thanks to its Covid-19 vaccine, represent a combined 12pc of Scottish Mortgage’s portfolio.
The trust also has holdings in 12 private healthcare companies, such as Tempus Labs, a firm that gathers patient healthcare data, and Recursion Pharmaceuticals, which uses machine learning to aid drug discovery.
Copyright Telegraph