Dod101 wrote:The largest Investment trust currently is Scottish Mortgage I think. Over the years, it has knocked all competition into a cocked hat.
For Lootman, Scottish Investment Trust is currently being liquidated and its assets taken over by JPM Global and Growth trust. Scottish American continues and is managed by Baillie Gifford.
ITs were 'invented' in Scotland by Robert Fleming and show no signs of dying as yet. And, Bulldog, boring is good in investing.
Dod
I believe F&C Investment Trust (FCIT) was the first.
FCIT was founded by Philip Rose, who also founded the Royal Brompton Hospital, in 1868 as The Foreign & Colonial Government Trust. It was the first collective investment scheme in the world and specialised in investing in Government bonds.