Cover Story
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SCOTTISH
THE
MORTGAGE
MONKS INVESTMENT
INVESTMENT
TRUST
TRUST
Many people feel they
are at the mercy of their
overdraft and that if only
they could hold on to some
money, they would do
something with it
Start with your banking app. This
allows you to track your spending,
but you can also see at the press
of a button how much money is
in your account. This can prevent
overspending, but also shows what is
left at the end of the month.
You can move cash quickly and easily
and some bank accounts will “sweep”
any funds above the minimum balance
level into another account at the end
About 80 per cent of 16- to 34-year-olds of each month. This gives you time to
are optimistic they will have cleared
decide what you want to do with them.
their mortgage by the time they are 65.
Yet research from the Financial Conduct Every little helps
Authority shows that 40 per cent of first- You don’t even have to make
time buyers in 2017 will reach 65 without conscious savings if you make most
having paid off this debt.
of your purchases with a debit card.
Research from Close Brothers
Monzo’s Coin Jar, Lloyds’ Save the
indicates 87 per cent of millennials
Change and Revolut’s Vault allow
are so worried about money that it is
account holders to save through
affecting their work. And although
“overspending”.
half claim to have made a plan for
This doesn’t mean spending too much
the future, more than a third have no
– these features round up payments
contingency for an unexpected event. to the nearest pound, placing the
If this is you, your first step should
difference in a separate account.
be to start saving for a rainy-day fund.
Chip has a slightly different approach
It may seem daunting, but there is a
in that it offers the saver a chance to
wealth of tools that should allow you
put away a small amount – £10 or £20
to get started right away.
– two or three times a month if they
can afford it.
Bank to the future
Many people feel they are at the mercy The next step?
of their overdraft and that if only
Next, you should look for the best
they could hold on to some money,
possible savings account you can find.
they would do something with it. The Most high-street banks offer almost
technology now exists to allow them
to do just that.
FE TRUSTNET
MONKS HAS OVER £1.9BN
IN NET ASSETS UNDER
MANAGEMENT, WHILE ITS
ONGOING CHARGE IS A
MODEST 0.50%*.
THE MAINSTAY OF
YOUR PORTFOLIO.
Monks Investment Trust, we believe, could be a core investment for anyone seeking long term growth.
It is managed according to Baillie Giff ord’s £39bn Global Alpha strategy. As a result, Monks takes a highly
active approach to investment and its portfolio looks nothing like the index. The managers group their
holdings into four diff erent growth categories. This allows for excellent diversifi cation and off ers the chance
to unearth some of the more interesting companies listed on global stock markets. Over the last fi ve years
the Monks Investment Trust has delivered a total return of 143.7% compared to 112.7% for the sector**.
Standardised past performance to 30 June**
2015 2016 2017 2018 2019
Monks Investment Trust 10.4% 3.2% 59.9% 22.1% 9.5%
AIC Global Sector Average 15.4% 5.6% 39.1% 20.6% 4.6%
Past performance is not a guide to future returns.
Please remember that changing stock market conditions and currency exchange rates
will aff ect the value of the investment in the fund and any income from it. Investors may
not get back the amount invested. If in doubt, please seek fi nancial advice.
If you’re pursuing growth why not get on board?
Call 0800 917 2112 or visit www.monksinvestmenttrust.co.uk
A Key Information Document is available by contacting us.
Long-term investment partners
*Ongoing charges as at 30.04.19 calculated in accordance with AIC recommendations. Excludes transaction costs, costs of borrowing money to invest
and the ongoing costs of any underlying investment funds within the Trust’s portfolio. Details of these costs can be found in the Key Information
Document. **Source: Morningstar, share price, total return as at 30.06.19. All other data as at 30.06.19. Your call may be recorded for training or
monitoring purposes. Issued and approved by Baillie Gifford & Co Limited, whose registered address is at Calton Square, 1 Greenside Row, Edinburgh,
EH1 3AN, United Kingdom. Baillie Gifford & Co Limited is the authorised Alternative Investment Fund Manager and Company Secretary of the Company. Baillie Gifford
& Co Limited is authorised and regulated by the Financial Conduct Authority (FCA). The investment trusts managed by Baillie Gifford & Co Limited are listed UK
companies and are not authorised and regulated by the Financial Conduct Authority.