2nd Jun 2021 10:59
(Alliance News) - Scottish Investment Trust PLC on Wednesday said it will commence a review of its future investment management arrangements, amidst underperformance in net asset value total return.
The trust has appointed Stanhope Consulting to assist in the review, and has invited proposals from established fund management groups with experience in managing listed closed-ended funds designed to deliver over the longer term.
In 2015, the Edinburgh-based investment trust had adopted a high conviction, global contrarian investment approach, believing that a period of at least five years would be needed to evaluate its returns under the mandate.
Over the five years ended April 30 April, Scottish Investment Trust's net asset value total return has lagged behind the sterling total return of the MSCI All Country World Index.
Scottish Investment Trust said there was no certainty that any changes will come out from the review.
Shares in Scottish Investment Trust were up 0.2% at 812.75 pence on Wednesday in London.
By Dayo Laniyan; [email protected]
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