Scottish Mortgage is a low-cost gateway to elite public and private growth champions, with SpaceX, Anthropic and AI infrastructure driving a renewed premium-rating opportunity.
Overview
Scottish Mortgage Investment Trust is a FTSE 100 closed-end investment company offering retail and institutional investors low-cost, high-conviction exposure to transformational global growth businesses. Managed by Baillie Gifford, SMT combines listed technology leaders with rare access to late-stage private companies including SpaceX, ByteDance, Stripe and Anthropic. Its portfolio is concentrated in North America and Asia and aligned with major structural themes such as AI infrastructure, semiconductors, commercial space, digital advertising, precision medicine and e-commerce. The trust is designed for long-term capital appreciation rather than conventional operating revenue growth.