Trade SCOTTISH MORTGAGE INVESTMENT TR - SMT CFD

Trading Conditions

• TypeThis financial market is available for CFD trading.Learn more about:CFDs: CFD
• Spread: 0.042
• Long position overnight funding adjustmentLong position overnight funding adjustmentMargin. Your investment£1,000.00Overnight funding adjustmentCharges from full value of position-0.02127 %(-£4.26)Trade size with leverage ~ £20,000.00Money from leverage ~ $£19,000.00Go to platform: -0.02127%
• Short position overnight funding adjustmentShort position overnight funding adjustmentMargin. Your investment£1,000.00Overnight funding adjustmentCharges from full value of position-0.00064 %(-£0.13)Trade size with leverage ~ £20,000.00Money from leverage ~ $£19,000.00Go to platform: -0.00064%
• Overnight funding adjustment time: 21:00 (UTC)
• Currency: GBP
• Min traded quantity: 1
• Margin: 5.00%
• Stock exchange: Great Britain
• Commission on trade: 0%
• Guaranteed stop premiumA guaranteed stop-loss (GSL) fee is only charged if the GSL is triggered. Please consult the Charges and Fees section of our website for more details.: 1%

• Margin. Your investment: £1,000.00
• Overnight funding adjustmentCharges from full value of position: -0.02127 %
  (-£4.26)

• Margin. Your investment: £1,000.00
• Overnight funding adjustmentCharges from full value of position: -0.00064 %
  (-£0.13)

Key Stats

• Prev. Close: 15.929
• Open: 15.964
• 1-Year Change: 41.17%
• Day's Range: 15.414 - 15.969

Trade SCOTTISH MORTGAGE INVESTMENT TR - SMT

​​Investment trusts, or close-ended funds, operate as public limited companies. These trusts are listed on the stock exchange and invest shareholders’ money in assets such as shares, real assets and bonds. Investment trusts are popular in the UK and Japan markets.

The Scottish Mortgage Investment Trust (SMT) was launched on 17 March 1909. A publicly traded investment trust, SMT is managed by Edinburgh-based investment management partnership Baillie Gifford & Co. SMT, a FTSE 100 Index constituent, is listed on the London Stock Exchange.

SMT is marketed as a low-cost investment trust that invests in a global portfolio of companies. Actively managed by fund managers, SMT aims to attain higher returns than the FTSE All-World Index over a five-year rolling period.

As of 31 December 2021, the top 10 constituents of SMT are: Moderna, ASML, Illumina, Tesla Inc., Tencent, NVIDIA, Meituan, Delivery Hero, NIO and Kering. The majority of SMTs portfolio is held in equities. SMT has a 30% cap on investing in companies that aren’t publicly traded.  

SMT’s top-three investment avenues are technology, healthcare and discretionary consumer sectors. More than half of the Scottish Trust’s investments are in US equities, followed by Chinese equities, European equities and UK equities.

Investment trusts ensure regular dividend payments to their investors – they can withhold up to 15% of investment returns to be paid out as dividends. SMT has cut its dividend only once – in 1933 due to the impact of the Great Depression. Most recently, in 2021, it paid interim and final dividends of 1.52 and 1.97, respectively.