Scottish Mortgage tops DFM poll of top trusts

Scottish Mortgage tops DFM poll of top trusts

Baillie Gifford’s Scottish Mortgage has come out on top fund selector poll of the highest-rated investment trusts, while the firm itself also secured the top spot.

Of the 72 discretionary fund managers and fund selectors surveyed, almost one quarter picked Scottish Mortgage as the trust they rate most highly overall, citing the strength of its management team, its consistently strong performance numbers and the manager’s ‘truly active’ approach.

The second most popular trust was Finsbury Growth and Income, managed by Nick Train, followed by Perpetual Income and Growth, managed by Neil Woodford successor Mark Barnett.

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Baillie Gifford’s £3.5 billion Scottish Mortgage investment trust has been managed by James Anderson since 2000. Managed in a long-term, high conviction style, the trust is top of the AIC Global sector in one and three years, and second over five years.

When respondents were asked which investment group they rated the most, Baillie Gifford came out top, narrowly beating rival groups JP Morgan and Henderson.

The research was undertaken by Investment Trust Intelligence, the online journal published by the investment companies team at Kepler Partners,