Edison Investment Research - Scottish Investment Trust PLC (SCIN) The Scottish Investment Trust - Portfolio reset for a ‘multi-year recovery’ ahead

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Edison Investment Research

Pedro Fonseca

The Scottish Investment Trust - Portfolio reset for a ‘multi-year recovery’ ahead

The Scottish Investment Trust (SCIN) seeks to provide investors with above-average long-term returns, by investing in undervalued international companies. The trust also targets regular dividend growth ahead of UK inflation. SCIN’s team, led by manager Alasdair McKinnon, are contrarian, value-focused investors who believe the market is significantly underestimating the strength of the post-pandemic recovery and its capacity to support cyclical and value-type stocks. In February, he revamped the portfolio to take advantage of what he sees as the many ‘tremendous opportunities’ among unloved areas of the market that he believes will benefit from the multi-year economic rebound he foresees. There are very early signs that these changes are having a positive impact on performance (see chart).

23/03/2021 11 EN

Underlying

Scottish Investment Trust PLC

Scottish Investment Trust is a self-managed investment trust and is an investment company. Co. invests in an integrated global portfolio constructed through an investment process whereby assets are primarily allocated on the basis of the investment merits of individual stocks rather than those of regions, sectors or themes. Co.'s wholly owned subsidiary, S.I.T. Savings Limited, is its alternative investment fund manager. As of Oct 31, 2017, Co.'s investments were values at £801.3 million.

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GB0007826091 London Stock Exchange United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Pedro Fonseca

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The Scottish Investment Trust - Portfolio reset for a ‘multi-year recovery’ ahead

The Scottish Investment Trust - Termination of coverage

Scottish Investment Trust: 2 directors bought

Sylvania Platinum - Annual guidance maintained, despite strike

1Spatial - Investing in the transformational SaaS opportunity

Datatec - FY24 underlying EPS more than doubles y-o-y

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