*FTSE All World Index (GBP) TR. By investing long term in a select number of exceptional growth companies, SAINTS’ managers expect to generate superior capital returns over time, alongside a growing and dependable income stream. Investment Trust PLC, from its formation in Dundee in February 1873 through to the present day. James Dow, co-head of Baillie Gifford’s equity income strategies, argues that dividend investors should avoid traditional high-yielding stocks, which are likely to disappoint given probable constraints on their reverting to the pre-crisis mean. Karyn is audit committee chairman of The Scottish Investment Trust plc, The North American Income Trust plc, The Scottish Building Society and Iomart Group. The risk is that when this money is repaid by the Trust, the value of the investments may not be enough to cover the borrowing and interest costs, and the Trust will make a loss. He is chairman of Bell Potter (UK) Limited and is a director of JP Morgan Asian Investment Trust plc and First Property plc. If you want to use an authorised intermediary, MyLocalAdviser is a website that allows you to search for authorised intermediaries in your area. As the Fund invests in overseas securities, changes in the rates of exchange may also cause the value of your investment (and any income it may pay) to go down or up. It is not our intention that the use of derivatives will significantly alter the overall risk profile of the Trust. Market values for securities which have become difficult to trade may not be readily available and there can be no assurance that any value assigned to such securities will accurately reflect the price the Trust might receive upon their sale. If none of the previous options apply, please select Rest of World below: The value of your investment may go down as well as up, and you may not get back the amount you invested. Menzies was an Edinburgh lawyer who had visited the United States on several occasions during the 1860s and was struck during those visits by the wealth of investment opportunities in that young and rapidly growing nation. This information has been issued and approved by Baillie Gifford & Co Limited and does not in any way constitute investment advice. You can read details of our Legal and Important Information here. No dividend reductions in the past eighty years. (roughly equivalent to £155,534,541 in 2019[6]). More detailed information about Morningstar's Analyst Rating, including its methodology, can be found here. You should note that tax rates and reliefs may change at any time and their value depends on your circumstances. He died in 1933 and is buried in St. Bartholomew's Church in Nettlebed, Oxfordshire. Performance source: Morningstar and relevant underlying index provider, total return. All Rights Reserved. Valuations of property are only estimates based on the valuer's opinion. However, no representation or warranty, express or implied, is made to its accuracy or completeness. He was the father of Valentine Fleming and Philip Fleming. The Scottish American Investment Company (LSE: SAIN) is a publicly traded investment trust.It invests in a broad range of UK and international assets. Past performance is not a guide to future performance. This may result in greater movements (down or up) in the net asset value of the Trust. One of his less successful ventures was the 1908 takeover of the bankrupt works of Algoma Steel in Sault Ste. Past performance is not a guide to future performance. If you are in any doubt about the information on this website please consult your financial or other professional adviser. Please bear in mind that past performance is not a guide to future performance. Until 1970, the Company managed its investments itself but this changed in 1970 when Stewart Fund Managers Limited was appointed to manage SAINTS. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The value of your investment may go down as well as up, and you may not get back the amount you invested.NAV is calculated with borrowings deducted at fair value for 1, 3 and 5 years and book value for 10 years. He was Permanent Secretary to the Treasury from 2005 to 2016, leading the department through the global economic and financial crisis. Dame Mariot Leslie joined the Board in 2019. If the Trust's investments fall in value, any invested borrowings will increase the amount of this loss. Her previous positions included Head of European Broadcast at Bloomberg LP, Chief Economist for Nomura International and Global Head of Foreign Exchange and Fixed Income Strategy at Deutsche Bank. The task, he concludes, is to look ahead to the global, high growth companies likely to be big providers of the future. £733,962,761.37 (before deduction of borrowings). The Scottish American Investment Company is managed by Baillie Gifford & Co Limited, the Edinburgh-based investment management partnership. More detailed information about Morningstar's Analyst Rating, including its methodology, can be found here. Join Toby Ross and James Dow, SAINTS’ joint managers, on their travels as they seek out the companies from across the globe that they believe can deliver a dependable and growing income along with capital growth. Please try again later. He went on to become an international financier in London, establishing the investment bank that bore his name for more than a century and out of which the Fleming Collection of Scottish art and the Fleming Collection Gallery was born. The LSE Group does not promote, sponsor or endorse the content of this communication. Income investing has been shaken by the coronavirus, but how will this affect the dividend payers of the future? All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. The information and opinions expressed within this website are subject to change without notice. She is chairman of JP Morgan Asian Investment Trust plc. The focus of the portfolio is on global equities but investments are also made in bonds, property and other asset types. Mr Hagman joined the Board in 2005 and became the Chairman of the Audit Committee in 2009. The Trust invests in emerging markets where difficulties in dealing, settlement and custody could arise, resulting in a negative impact on the value of your investment. Lord Macpherson joined the Board in 2016 and was appointed Senior Independent Director in 2019. Dividends are shown net of withholding taxes since 1973, when Advanced Corporation Tax was first introduced in the UK. Source: Scottish American Investment Trust Annual Reports, Baillie Gifford. P.L.C. Ms Lamont joined the Board in 2019. For disclosure and detailed information about this fund please refer to the full Morningstar Global Fund Report that can be accessed from the table above. The information contained in this website has been compiled with considerable care to ensure its accuracy at the date of publication. Toby joined Baillie Gifford in 2006 and is Co-Head of the Global Income Growth Team and Joint Manager of The Scottish American Investment Company PLC (SAINTS). Marie, Ontario, but he had the foresight to associate with the project James Hamet Dunn, who would come to control the works from 1935.[4]. The risks from borrowing, referred to above, are increased when a trust buys back its own shares. [3] Sir John Fleming, onetime Lord Provost of Aberdeen and later a local MP, was a younger brother. Dividends from 1965-1973 are shown net of the 45% Corporation Tax introduced in the Finance Act of 1965. A further risk exists in respect of the counterparty with whom the derivative transaction is made. You should be aware of the following risks when considering investing. It is not intended for use by investors from other jurisdictions. There was an error loading data, please try again. The Trust has some direct property investments, which may be difficult to sell. In the course of her career she represented the UK overseas in Singapore, Germany, France and Italy, ran the FCO’s Policy Planning Staff, and was a member of the British Government’s Joint Intelligence Committee. The Scottish American Investment Company is managed by Baillie Gifford & Co Limited, the Edinburgh-based investment management partnership.It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. He joined Baillie Gifford in 2004 on the Graduate Scheme and became an Investment Manager in our US Equities Team. The managers of SAINTS explain the appeal of two investments which perfectly fit the trust's long-term objectives: a resilient income, with attractive growth. Since joining Baillie Gifford, Toby has also spent time as an Investment Analyst in the UK Equity Team and as a Global Sector Specialist. He was formerly a trustee of the National Galleries of Scotland and a director of British Polythene Industries plc, Glen Group plc, Scottish Financial Enterprise and Scottish Enterprise. Fleming launched the Scottish American Investment Trust in 1873, the first of the Scottish investment trusts. The Scottish American Investment Company (LSE: SAIN) is a publicly traded investment trust. 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