Securities Trust of Scotland

LN: STS

£176.3m market cap

168.5p last close

Launched in May 2005, as a vehicle for holders of the previous “Securities Trust of Scotland” to roll their holding into, STS is an income trust that pays quarterly dividends. Ross Watson, a director of Martin Currie’s investment team responsible for UK Growth & Income investments, has led the management of STS since its launch in 2005.

Investment summary

Securities Trust of Scotland (STS) aims to provide long-term growth in income and capital through investing in global equities. The current manager, Mark Whitehead, was appointed in May 2016 and adopted an unconstrained, bottom-up approach to identify high-quality companies that can be long-term structural winners. The portfolio holds a relatively concentrated number of high-conviction stocks, which the manager believes gives the portfolio both defensive characteristics, as well as delivering sustainable dividend growth. The board has a progressive dividend policy. In August 2018, it announced a refresh of the trust’s marketing strategy, materially increasing its budget, and the appointment of a new non-executive director with extensive marketing expertise.

Share price graph
Price performance
%
1m
3m
12m
Actual 6.0 2.7 0.6
Relative* 2.6 (0.1) 2.1
52-week high/low 177.5p/151.0p
*% relative to local index
Key management
Rachel Beagles Chairman
Christopher Pyrkosz Head of Investment Trust Marketing
Mark Whitehead Fund manager

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