Trust's first half

SMIT focuses on IT, biology and energy transition

lab

Healthcare investments have grown

Baillie Gifford’s flagship Scottish Mortgage Investment Trust, said it is seeing a number of opportunities to invest in new technologies that are cutting across a number of sectors.

These include freight, food and finance while investment in healthcare and biology companies has increased from 11.6% a year ago to 21.4%, said the Edinburgh-based trust.

It said it is encouraged by the continuing digitisation of the economy, the intersection of information technology and biology and the “much-needed energy transition”.

In a statement with first half figures, the FTSE 100 company said: “Over short periods, such as the last six months, the market has naturally found various things to worry about.

“A long- term approach is helpful here. It enables us to focus not on the cacophony of the stock-markets but the more predictable drumbeat of deep underlying progress.

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