Scottish Mortgage Investment Trust PLC is an actively managed, low-cost investment trust, investing in a high-conviction global portfolio of companies, with the aim of maximising total returns over the long term. The managers look for strong businesses with above-average returns and aim to achieve a greater return than the FTSE All-World Index (in sterling terms) over a five-year rolling period.

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Tom Slater and Lawrence Burns provide an update on the portfolio, the market environment and their outlook.

Investor webinar: written overview | Scottish Mortgage

Investor webinar: written overview

Tom Slater and Lawrence Burns answer the questions on shareholders minds.

From Moderna’s vaccines to NVIDIA’s video chips, the opportunities are growing for Scottish Mortgage holdings.

Investor webinar – your questions answered | Scottish Mortgage

Investor webinar: your questions answered

The Scottish Mortgage managers on recent performance, private company investing, and where they’re looking for the ‘next big thing’.

Scottish Mortgage managers answer your questions and discuss performance, opportunities and private company investing.

June forum: why we’re backing innovation | Scottish Mortgage

Scottish Mortgage forum: why we continue to back innovation

Yesterday’s safety is tomorrow’s capital destruction, says Tom Slater.

From BYD to Geely, Tom Slater on why Scottish Mortgage should back the companies, entrepreneurs and innovation it does.

Embracing discomfort: manager insights | Scottish Mortgage

Embracing discomfort: manager insights

Lawrence Burns shares the four biggest reasons Scottish Mortgage takes stakes in private firms.

Scottish Mortgage’s deputy manager explains the four biggest reasons the Trust invests in unlisted firms.

Private companies: the case for investing | Scottish Mortgage

Investing in private companies: manager insights

An overview of the Scottish Mortgage webinar that addressed the questions on investors’ minds.

An overview of the recent Scottish Mortgage webinar that answers the questions put to it by Scottish Mortgage investors.

Scottish Mortgage webinar overview

The Scottish Mortgage Team explains how the private companies in the portfolio are valued.

Scottish Mortgage: Valuing private companies | Scottish Mortgage

Valuing private companies – our approach

Why Scottish Mortgage keeps investing in unlisted companies.

A decade after the Trust first invested in an unlisted firm, manager Tom Slater what keeps him coming back to the sector.

Scottish Mortgage and private companies | Scottish Mortgage

Private pursuits: why Scottish Mortgage invests in unlisted companies

How a trust launched to finance the 1900s rubber boom was transformed into a backer of global technological change.

Discover the Scottish Mortgage Investment Trust story. Launched in 1909 amid the rubber boom, it is now the UK’s largest investment trust.

The history of Scottish Mortgage

The history of Scottish Mortgage Investment Trust

Tom Slater on Bloomberg’s Merryn Talks Money podcast. Capital at risk.

Lawrence Burns, Deputy Manager, discusses why he believes the Scottish Mortgage portfolio is on the right side of structural change.

Lawrence Burns, deputy manager of the Scottish Mortgage Investment Trust, discusses why he believes the Scottish Mortgage portfolio is on the right side of structural change. 

Scottish Mortgage Manager Insights – Lawrence Burns

Manager insights – Lawrence Burns

Tom Slater, Manager, discusses the current environment, activity in China, and why it is imperative that we stick to our investment philosophy.

Tom Slater, manager of the Scottish Mortgage Investment Trust, discusses the current environment, activity in China, and why it is imperative that we stick to our investment philosophy. 

Scottish Mortgage Manager Insights - Tom Slater

Manager insights - Tom Slater

The Scottish Mortgage Team lays out its approach to governance and the definition of responsible investing.

Scottish Mortgage – Our Approach to Governance

Scottish Mortgage – our approach to governance

When times are tough, resilience matters. Tom Slater on why purpose matters to Scottish Mortgage.

Despite current uncertainty, Scottish Mortgage invests with purpose as Tom Slater explains.

Scottish Mortgage: purposeful investing

Investing with Purpose

Scottish Mortgage’s departing joint manager James Anderson talks to its deputy Lawrence Burns.

Departing investment manager James Anderson discusses how to spot innovative companies driving transformative change.

Investing in outliers | Scottish Mortgage

Scottish Mortgage: investing in outliers in a fast-changing world

Manager Tom Slater and Deputy Manager Lawrence Burns discuss the evolution of the management team and process, the current environment and the long-term prospects for the Scottish Mortgage Investment Trust.

Lawrence Burns and Tom Slater talk Scottish Mortgage, its process and the outliers they pursue.

Scottish Mortgage: pursuing outliers

Investing for the future – in conversation with the Scottish Mortgage managers

Lawrence Burns on growth stocks, volatility, and why Moore’s Law remains a positive for innovative companies.

Long-term investing for transformative change | Scottish Mortgage 

Scottish Mortgage and transformative change

Scottish Mortgage’s James Anderson warns of the risks of ill-defined sustainability metrics.

Scottish Mortgage Investment Trust’s James Anderson argues ill-defined ESG ratings can result in tragedy.

ESG ratings can hinder innovation | Scottish Mortgage

Purpose not governance

Life on Mars might seem far-fetched, but Scottish Mortgage is prepared to embrace the radical thinkers striving to get us there.

The future of aerospace engineering

Rocket man: the future of aerospace engineering

Building long-term value is not about following the pack, but about spotting the companies set to benefit from social change.

According to Scottish Mortgage managers long-term value is not about following the pack, but about spotting the companies set to benefit from social change.

Embracing the extraordinary | Scottish Mortgage

Embracing the extraordinary

Tom Slater discusses the lessons learnt from the Covid-19 pandemic, and looks to the areas where we have seen growth opportunities arising.

AGM: manager insights - Tom Slater | Scottish Mortgage

Scottish Mortgage Investment Trust AGM: manager insights - Tom Slater

In this AGM film, James Anderson, co-manager of the Scottish Mortgage Investment Trust, reflects on the biggest lessons he has learnt during his time managing the trust.

In this AGM film, James Anderson, reflects on the biggest lessons he has learnt during his time managing Scottish Mortgage investment trust. 

AGM: Manager insights - James Anderson | Scottish Mortgage

AGM: Manager insights - James Anderson

Lawrence Burns explains why companies’ long-term success will be determined by the brilliance of business models, and the vision of their founders.

AGM: manager insights - Lawrence Burns | Scottish Mortgage

Scottish Mortgage Investment Trust AGM: manager insights - Lawrence Burns

Tom Slater discusses the areas in which he sees potential for exponential growth. He makes it clear there is no shortage of exciting growth opportunities.

In conversation with Tom Slater | Scottish Mortgage

In conversation with Tom Slater

Join Scottish Mortgage managers as they look to companies that are helping to facilitate a post-carbon world and revolutionise healthcare.

Embracing the extraordinary: In conversation with the Scottish Mortgage managers | Scottish Mortgage

Embracing the extraordinary: In conversation with the Scottish Mortgage managers

Read James Anderson's final review as joint manager of Scottish Mortgage. He reflects on the challenge and excitement of the search for extreme returns.

Stay on the road less travelled

John Kay and James Anderson discuss how changing attitudes to risk and uncertainty could make us better investors.

Rethinking risk | Scottish Mortgage

Rethinking risk

Investment specialist Stewart Heggie talks to James Anderson and Tom Slater about the growing opportunities that lie ahead for the trust.

Investing in progress webinar | Scottish Mortgage

Investing in progress webinar

Read the Scottish Mortgage interim report. We discuss how the pandemic accelerated economic shifts and sparked new waves of innovation.

Interim managers report | Scottish Mortgage

Interim managers report

Companies that can take the pain out of online payments are reaping big benefits. Tom Slater illustrates using examples of  Stripe, Affirm and TransferWise.

Paymasters of the universe | Scottish Mortgage

Paymasters of the universe

James Anderson, joint manager of Scottish Mortgage Investment Trust, looks back on how, amid all the coronavirus disruption, the case for growth stocks strengthened as the crisis unfolded

James Anderson looks back on how, amid all the Covid-19 disruption, the case for growth stocks strengthened as the crisis unfolded.for growth stocks strengthened as the crisis unfolded.

Investing during a pandemic

Professor Carlota Perez presents on the paradigm shifts she observes in historical technological revolutions and what these shifts could mean for the future.

Paradigm shifts with Carlota Perez | Scottish Mortgage

Paradigm shifts with Professor Carlota Perez

Goodbye Baidu, hello Bytedance. Tom Slater highlights those Scottish Mortgage holdings currently bringing disruptive innovation to the world.

When long-term investing pays | Scottish Mortgage

When long-term investing pays

As the world adapts to wrenching changes, James Anderson observes both human progress and stock markets that did not learn.

Finding new fish to fry | Scottish Mortgage

Finding new fish to fry

A new generation of advertising companies who will reshape our world and what is possible in the years to come.

Who are the winners in today’s $560 billion advertising industry? We highlight companies that are taking digital advertising to the next level.

The future of advertising | Scottish Mortgage

The future of advertising

A new generation of of Financial Services companies who will reshape our world and what is possible in the years to come.

From Ant Financial to TransferWise. We highlight companies that utilise advantages in digital technology to reshape the financial services. 

The future of financial services | Scottish Mortgage

The future of financial services

A new generation of Healthcare companies who will reshape our world and what is possible in the years to come.

Technology meets healthcare. We look at companies in Scottish Mortgage portfolio that use data science to support the latest advances in healthcare.

The future of healthcare | Scottish Mortgage

The future of healthcare

A new generation of companies who will reshape our world of work and what is possible in the years to come.

AI advances mean that the world of work as we know it will one day be a distant memory. We highlight software companies that use AI to drive efficiency at work.

The future of work | Scottish Mortgage

The future of work

A new generation of companies who will reshape our world of and what is possible in the years to come.

We spotlight companies in our portfolio taking technological advances to the next level. Companies that will reshape our world in the years to come.

Next generation of progress

Watch Scottish Mortgage Investment Trust Annual General Meeting. In addition to the business of the day, listen to presentations from the Trust's managers.

Annual General Meeting | Scottish Mortgage

Scottish Mortgage - Annual General Meeting

Tom Slater reflects on the implications of our accelerating connectedness in an increasingly ‘complexified’ world.

A complexified world | Scottish Mortgage

A complexified world

James Anderson explains why Scottish Mortgage’s portfolio makes him optimistic about the future, despite the sound and fury of recent headlines.

Managers’ review | Scottish Mortgage

Managers’ review

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Investment trusts are UK public companies and are not authorised and regulated by the Financial Conduct Authority.  You may not get back the amount invested and please bear in mind that past performance is not a guide to future performance.

Insights Archive

Categories

November 2023

Investor webinar: written overview

November 2023

Investor webinar: your questions answered

July 2023

June forum: why we’re backing innovation

June 2023

Embracing discomfort: manager insights

June 2023

Investing in private companies: manager insights

April 2023

Investor webinar: written overview

March 2023

Valuing private companies

March 2023

Private company pursuits

February 2023

The history of Scottish Mortgage Investment Trust

December 2022

The price of making money

July 2022

Manager insights – Lawrence Burns

July 2022

Manager insights - Tom Slater