Securities Trust of Scotland (LSE:STS) was launched in 2005, and aims to provide rising income and long-term capital growth through a portfolio of global equities. In May 2016, Mark Whitehead was appointed as fund manager and the trust adopted an unconstrained mandate from 1 June 2016, measuring performance versus the rolling three-year median return of open- and closed-ended peers. The investment process is fundamental, with a rigorous approach to build a relatively concentrated portfolio of 35-55 high-conviction stocks.
In this webcast, Mark Whitehead explains STS’s investment objective and his outlook for global equities. He explains how the trust’s investment approach may be differentiated from peers, and why environmental, social and governance (ESG) integration is an important part of the investment process. Finally, he discusses the trust’s recent performance and how the portfolio is currently positioned.