Jonathan Davis The Scottish Mortgage effect As Simon Elliott noted in our weekly podcast, the market makers in Scottish Mortgage have had an unprecedentedly busy time in the last few weeks. As a large and liquid trust that now sits comfortably in the FTSE 100 index, it has become a go to option for many traders, not just investors with normal longer term horizons. It is hard to recall a similar case where, in the absence of specific news, a well capitalised diversified investment fund has witnessed such dramatic volatility over such a short period of time. I am not sure it is a healthy...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
It has been another remarkable week for the investment trust sector, with Scottish Mortgage and the technology and Chinese investment trusts falling sharply again, reversing some of their previous exceptional gains and continuing the pattern of rotation into value and cyclical stocks (which are not always the same thing).
Jonathan Davis Harry's game How long will the marked rotation into cyclical value stocks we have seen since October endure? Harry Nimmo, the long serving manager of the Standard Life Smaller Companies investment trust, whom I spoke to this week, tells me that on past experie...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
On 19 February I took time out to talk to Professor Elroy Dimson of the Judge Business School at Cambridge University about the latest edition of the authoritative Global Investment Returns Yearbook which he and two other prominent academics, Paul Marsh and Mike Staunton, produce at this point in the calendar each year.
You can read my summary of this year’s findings, and/or download the full report yourself, here. To listen to my podcast conversation with Professor Dimson on what changes in interest rates changes mean for equities, bonds and other asset classes, simply follow the link below. This is the first of a regular series of podcasts you can access as a Money Makers subscriber.
© 2026 Money Makers