Trustnet Magazine Issue 24 December 2016 | Page 10

SCOTTISH MORTGAGE INVESTMENT TRUST SCOTTISH MORTGAGE WAS ORIGINALLY LAUNCHED TO PROVIDE LOANS TO RUBBER GROWERS IN MALAYSIA IN THE EARLY 20TH CENTURY .

TIME JUST MAKES IT TASTIER .

Scottish Mortgage Investment Trust believes in investment not speculation . We painstakingly identify those companies that we believe will deliver long-term growth and then we stick with them through thick and thin , providing our investment case remains valid . In fact we like to think of ourselves as ‘ owners not renters ’, which is why we don ’ t get side-tracked by short-term share price movements .
But don ’ t just take our word for it . Over the last five years Scottish Mortgage , managed by Baillie Gifford , has delivered a total return of 182.7 %* compared to 104.7 %* for the index . And Scottish Mortgage is low-cost with an ongoing charges figure of just 0.45 %. †
Standardised past performance to 30 September each year *:
2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 Scottish Mortgage 14.2 % 35.9 % 27.6 % 4.2 % 37.0 % FTSE All-World Index 17.3 % 18.2 % 11.8 % 0.6 % 31.3 %
Past performance is not a guide to future returns .
Please remember that changing stock market conditions and currency exchange rates will affect the value of your investment in the fund and any income from it . You may not get back the amount invested .
For a free-thinking investment approach call 0800 917 2112 or visit www . scottishmortgageit . com
Long-term investment partners
* Source : Morningstar , share price , total return as at 30.09.16 . † Ongoing charges as at 31.03.16 . Your call may be recorded for training or monitoring purposes . Scottish Mortgage Investment Trust PLC is available through the Baillie Gifford Investment Trust Share Plan and the Investment Trust ISA , which are managed by Baillie Gifford Savings Management Limited ( BGSM ). BGSM is an affiliate of Baillie Gifford & Co Limited , which is the manager and secretary of Scottish Mortgage Investment Trust PLC .