Scottish Mortgage Trust Turns to China and Transport

Managers of the top-performing trust discuss new ideas, electric vehicles, unquoted companies and Tesla

Holly Black 18 January, 2021 | 11:46AM
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China is the area to watch for innovation, according to the managers of the Scottish Mortgage Investment Trust (SMT) and Tom Slater and James Anderson are focusing more of their resources on the region in the belief that this is where the opportunities are. Slater says there has been a “cluster of innovation in the San Francisco area” but now the most exciting companies are coming from China.

And while the trust is best known for its big holdings in big tech companies, it was two biotech businesses which Slater thinks were most notable in the portfolio in 2020. “Moderna’s efforts to address the Covid-19 situation and Illumina’s to provide the tools were notable. In effect, it took four days to find the solution to the Covid crisis – two days to sequence the virus and two days by Moderna to transfer that into a model that would trigger an immune response.”

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About Author

Holly Black  is Senior Editor, Morningstar.co.uk

 

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