Investing in significant global change

Scottish Mortgage Investment Trust (SMT) offers investors access to what managers Tom Slater and Lawrence Burns, at Baillie Gifford, consider to be the best growth opportunities in the world in both public and private markets. Academic research has shown that the majority of equity wealth creation is delivered by a very few exceptional growth companies; these outliers are sought by the managers. As SMT is a closed-end fund, Slater and Burns are able to take a very long-term view, sometimes holding companies through their private and public lifetimes in order to maximise returns. A long-term approach also affords protection against higher stock market volatility, which is partly due to increasing short-termism, with fundamental investors...