Stellar. In my opinion this is the only word to describe the performance of Scottish Mortgage Trust (LSE: SMT) in 2020. Up 80% in the past six months, the tech stock trust has generated a return to leave investors smiling.
Examining the underlying top holdings of the trust, the reason for the gains become clear. Underpinning the portfolio are giants of the tech stock genre. Tesla, Amazon, Netflix and Spotify are all featured in the top 10 holdings ,and have substantially increased in valuation since the low water mark of April this year.
Overall, my thoughts on the trust are positive. There are low annual charges and it is currently trading at a narrow discount. The management philosophy of James Anderson and Tom Slater is ‘the best potential, durable growth opportunities for the future’, an ethos that will chime with many Fool readers. Earlier this year, Paul Summers
The Latest on the effects of the coronavirus outbreak on sports around the world:
The European Tour has decided against having a limited number of fans for the Scottish Open next week.
The tour says because of a recent update on the Scottish government’s guidelines for COVID-19, the tournament at the Renaissance Club with not have spectators. It would have been the second golf tournament to have fans, after the Sanford International two weeks ago in South Dakota on the PGA Tour Champions.
The tour is contacting those with tickets for details on a refund.
The postponed football game between No. 7 Notre Dame and Wake Forest will be moved to Dec. 12, while the Demon Deacons also are moving their nonconference game against Campbell a week earlier to Oct. 2.
The Atlantic Coast Conference announced the revisions Wednesday. That came one day after Saturday’s game between the