Executive interview – Securities Trust of Scotland

Published on 18 September 2017

Securities Trust of Scotland (LSE:STS) was launched in 2005. It aims to provide rising income and long-term capital growth through a portfolio of global equities. Following the adoption of an unconstrained mandate, from 1 June 2016 the trust measures its performance versus the rolling three-year median return of open- and closed-ended peers, as well as an absolute target to produce real growth in revenue and cum-income NAV on a rolling five-year basis.

In this webcast, portfolio manager Mark Whitehead explains STS’s investment objective and comments on the trust’s performance since he became lead manager in May 2016. He then highlights STS’s dividend policy and the enhancements he has made to the investment process. Whitehead follows on by highlighting which sectors and geographies are providing the most attractive investment opportunities and explains the change in benchmark since STS moved to an unconstrained mandate.

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