Trust's first half
SMIT focuses on IT, biology and energy transition
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.