Alasdair McKinnon, manager of The Scottish Investment Trust (SCIN), has recently made some significant changes to the trust’s portfolio.
Key points from the interview include:
• How the arrival of COVID-19 vaccines and the associated improvement in the global economic outlook have prompted these portfolio changes.
• The areas of the market where McKinnon sees interesting opportunities in the post-pandemic world.
• The effect of portfolio changes on performance.
• Factors that may support the trust’s long track record of regular dividend growth.
SCIN aims to provide investors with above-average returns by investing in undervalued international companies, and to achieve dividend growth ahead of UK inflation. The manager adopts a contrarian, value-focused investment approach.