Overview
Scottish American : SAIN (formerly SCAM) will invest mainly in equity markets, but other investments may be held from time to time including bonds, property and other asset classes. There are no pre-defined maximum or minimum exposure levels for asset classes, sectors or regions.
The Board caution that Scottish American’s performance in any one year is likely to differ from that of its benchmark index, sometimes by a significant amount. In order to achieve real growth in the dividend, the focus of the portfolio is on listed equities. The equity portfolio consists of shares listed both in the UK and in overseas markets. The portfolio is diversified across a range of holdings with little regard paid to the weighting of individual companies in the composite benchmark index.
You can view our interviews with the company’s Fund Managers below:
17th February 2023: James Dow – Weekly Show
Fundamentals
Price
Research History
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09 Mar 2023 64 min read
QuotedData’s Economic and Political Monthly Roundup March 2023
Economic and Political Monthly Roundup Investment companies | Monthly | March 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
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17 Feb 2023 1 min read
Interview with James Dow from The Scottish American Investment Company
In this week’s show, James Carthew spoke to James Dow from The Scottish American Investment Company. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news, click here. If there is a guest speaker you’d particularly like to hear from, please email us on [email protected]. Additionally, if […]
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05 Apr 2019 4 min read
QuotedData’s economic roundup – April 2019
Kindly sponsored by Polar Capital Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy […]
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22 Mar 2019 2 min read
QuotedData’s economic roundup – March 2019
QuotedData’s economic roundup – March 2019 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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13 Mar 2018 1 min read
QuotedData’s Economic round up – March 2018
QuotedData’s economic round up – March 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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19 Oct 2017 1 min read
Quarterly investment companies roundup – Third quarter 2017
Quarterly investment companies roundup – Third quarter 2017 – Markets moved up a little over the course of the three months ended 30 September 2017. Regionally, emerging markets did well. The pound strengthened a bit relative to the US dollar but was flat against the euro. The oil price rose by more than 20%. In […]
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14 Sep 2017 1 min read
QuotedData investment companies roundup – September 2017
QuotedData investment companies roundup – September 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2017. Kindly sponsored by Baillie Gifford. September Investment Companies Roundup Winners and losers in August Ashmore Global’s […]
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15 Mar 2017 1 min read
QuotedData’s round up of views on the global economy – March 2017
A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the companies mentioned. Kindly sponsored […]
News
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30 Jul 2024 1 min read
QuotedData’s morning briefing 30 July 2024 – FJV, SAIN, NCYF, BPCR, EBOX
In QuotedData’s morning briefing 30 July 2024: Fidelity Japan (FJV) announced its interim results for the six months to 30 June 2024. The company delivered a NAV total return of -2.8% and ordinary share price total return of -6.2%. The TOPIX Total Return Index (in sterling terms) returned +6.2% over the same timeframe. The manager […]
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14 Jun 2024 3 min read
Baillie Gifford funds – Think different
QD view: The overlap between the portfolios of Baillie Gifford’s range of global investment trusts is limited, yet investors are treating them as quite narrow variations on a theme and this is throwing up opportunities for those able to appreciate the nuances within the range. It has undoubtedly been a difficult period for the Baillie […]
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15 Feb 2024 5 min read
Scottish American falls short in difficult 150th year
Scottish American has published results for the 12 months ended 31 December 2023. Its NAV returns did not match those of its benchmark (the All-World Index), returning 11.8% to the index’s 15.7%, and a widening discount left shareholders with a return of 8.2%. Although the chairman points out that discounts have widened across the invetsment […]
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01 Aug 2023 2 min read
QuotedData’s morning briefing 1 August 2023
Third Point (TPOU) published an investor letter for Q2 with the company returning 1.1% in the flagship Offshore Fund during the second quarter of 2023, compared with the S&P 500 Index return of 8.7% and the MSCI World Index return of 7.0% in the same period. The top five positive contributors for the quarter were […]
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10 Mar 2023 3 min read
QD view – Global voyage in search of income
Despite its volatility, 2022 favoured global equity income trusts. In recent years, funds in the sector had struggled to keep pace with their global sector equivalents, which could participate in the punchy rise and rise of the (non-dividend paying) technology sector. Last year, many income trusts managed to ride the value wave, even though few […]
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10 Feb 2023 2 min read
Scottish American combines inflation busting dividend with bear-market outperformance
The Scottish American Investment Company (SAINTS) has released its annual results for its financial year ending 31 December 2022. SAINTS aims to grow its dividend ahead of inflation over the long term. Over the past ten years SAINTS has increased its dividend at an annualised rate of 3.5%, which compares with UK CPI of 2.7%. […]
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06 Oct 2022 3 min read
SAINTS: The wonder of compound interest
Please remember that the value of investments and any income from them can fall and you may not get back the amount invested. Past performance is not a guide to future returns. Companies reinvesting the profits of steady growth over decades are the unsung heroes of the market, according to James Dow, joint manager of […]
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12 Apr 2022 1 min read
QuotedData’s morning briefing 12 April 2022
In QuotedData’s morning briefing 12 April 2022: Diverse Income Trust is asking shareholders whether they want to take advantage of its annual share redemption facility. However, as the announcement points out, the discount is already narrow. Shareholders have until 3 May 2022 to submit redemption requests. Cash would hit accounts on 16 June or thereabouts. […]
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11 Feb 2022 2 min read
QuotedData’s morning briefing 11 February 2022
In QuotedData’s morning briefing 11 February 2022: AEW UK REIT (AEWU) has been granted planning consent for the demolition and development of a 527-unit student accommodation scheme at 225 Bath Street in Glasgow city centre, paving the way for the sale of the site to IQ Student Accommodation. The sale of the vacant office scheme […]
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03 Jun 2021 2 min read
QuotedData’s morning briefing 3 June 2021
In QuotedData’s morning briefing 3 June 2021: Round Hill Music Royalty Fund says that Josh Gruss, CEO and chairman of its manager, has opted to receive 2m shares in Round Hill Music Royalty Fund in exchange for his interest in the catalogues that the fund acquired recently. Josh is handing over 950,000 of these to establish […]
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12 Feb 2021 1 min read
Scottish American outperformance driven by resilient operational performance
Scottish American (SAIN)has announced its annual results for the year to 31 December 2020, during which it has outperformed global equities, driven by resilient operational performance of its investee companies. Some key take-aways from the report are as follows: Dividend – the full year dividend, including a recommended final dividend of 3.00p, is 12.00p per […]
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24 Mar 2020 1 min read
QuotedData’s morning briefing 24 March 2020
In QuotedData’s morning briefing 24 March 2020: UK goes into lock down, following a number of other European countries BlackRock Greater European will not hold a tender offer in May 2020, reasoning that the discount was under control ahead of the recent volatility Jupiter US Smaller Companies was beating its benchmark at 31 January 2020 […]
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13 Feb 2020 2 min read
Scottish American extends good run
Scottish American extends good run – Over 2019, Scottish American (SAINTS) delivered a share price total return of 25.1% and a net asset value total return of 22.9%. A global equity benchmark delivered 22.3%. SAINTS’s returns are at the head of its peer group over the past five years. The dividend is being increased by 3.3% to […]
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26 Jul 2019 2 min read
QuotedData’s other news 26 July 2019
In QuotedData’s other news 26 July 2019: Scottish American (SCAM) has announced its interim results for the six-months ended 30 June 2016, in which it modestly outperformed its benchmark. SCAM’s net asset value total return for the first six months of 2019 was 17.3% and the share price total return was 17.5%. In contrast, it says […]
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01 Mar 2019 4 min read
Scottish American maintains inflation busting dividend increases
Scottish American maintains inflation busting dividend increases – Scottish American delivered a share price total return of -1.6% and an NAV total return of -2.4% for 2018. Global equities, as measured by the MSCI World Index, fell by 3.4%. The full year dividend will be 11.5p per share, 3.6% higher than the 2017 dividend of 11.1p. The […]
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18 Aug 2017 1 min read
Scottish American’s deputy managers take charge
Scottish American’s deputy managers take charge – The Board of the Scottish American Investment Company has announced that James Dow and Toby Ross, previously Deputy Managers, have become Joint Managers of the fund. The Board said that it wished to extend its thanks to Dominic Neary, the former Manager of Scottish American, for his considerable contribution […]
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09 Feb 2017 1 min read
Scottish American just ahead of benchmark in 2016
Scottish American has reported results for the year ended 31 December 2016. Its net asset value total return (capital and income) for the year was 29.9% and the share price total return was 28.7%. The total return from the global equity market was 29.6%. A final dividend of 2.725p is recommended which will take the full […]
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29 Jul 2016 2 min read
Scottish American ahead in H1
Scottish American says the net asset value total return for the first six months of 2016 was 14.0% and the share price total return was 12.0%. The total return of the global equities, as measured by the FTSE All World Index in sterling, was 12.0%. Over the six month period 235,000 shares were issued at a […]
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02 Mar 2016 3 min read
Property and equity returns help Scottish American beat benchmark
Scottish American’s results for 2015 show its net asset value (NAV) total return (capital and income) for the year was 5.9% and the share price total return was 9.2%: the total return from the global equity market was 4.1%. The full year dividend will be 10.70p per share, 1.9% higher than the 2014 dividend of 10.50p and […]
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12 Feb 2016 1 min read
Scottish American reports modest outperformance
Scottish American Investment Co has announced its results for the year to 31 December 2015. The net asset value total return (capital and income) for the year was 5.9%, ahead of the total return from equities of 4.1% (which, although it isn’t stated, is most probably the return on the MSCI World Index). The share price […]
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27 Jul 2015 1 min read
Scottish American moves to big premium
Scottish American interims covering the six months ended 30 June 2015 show the fund beating the FTSE All World Index with the net asset value total return being 4% vs. 2.2% for the index. Shareholders did even better as the fund moved to trading on a large premium (currently over 8%); the return to shareholders […]
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13 Feb 2015 1 min read
Scottish American held back by US underweight and expensive debt
Scottish American had a bad 2014 as its net asset value total return was 2.9% compared to 11.3% for the FTSE All World Index. The discount widened a little and so the return to shareholders was 1.6%. The dividend for the year was 10.5p which is 2.9% higher than for 2013 and was covered almost […]
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02 Dec 2014 1 min read
The alternative plays in investment trusts
Source: http://www.moneymarketing.co.uk/news-and-analysis/analysis/the-alternative-plays-in-investment-trusts/2016533.article Income-seeking investors would do well to look at the alternative plays on offer in the investment companies space, such as renewable energy and asset leasing With interest rates held so low for so long, it is not surprising investors have been looking for alternative ways to generate income. That search is only set to […]
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28 Jul 2014 1 min read
Scottish American : SCAM – interims
Scottish American has published figures for the first half of 2014. The net asset value total return and the shareholder total return were both 1.6% over the period. The benchmark return (FTSE All World Index) was 3.2%. The dividends in the first half total 5.225p – 3.5% up on the corresponding dividends in 2013. Performance […]
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14 Feb 2014 1 min read
Scottish American : SCAM – final results and change of manager
Over 2013 Scottish American Investment Trusts total return on its share price was 18% and, on the NAV, 17% ; lagging the return on the fund’s benchmark by 4%. They say the main reason for the company’s underperformance was its exposure to emerging markets investments. SCAM is increasing its dividend by 4.1% to 10.2p for the year. […]
Upcoming Events
Videos
In The Press
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04 Nov 2024 1 min read
Investment trust insider on Henderson International Income’s value versus growth choice
James Carthew: HINT chases growth just as value breaks through Henderson International Income (HINT) is supplementing dividends with payments out of capital to allow it to hold more low-yielding technology stocks. Is the move mistimed? Henderson International Income (HINT) has announced that following a spate of poor performance it intends to follow peers such as […]
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03 Apr 2024 1 min read
Four last-minute and early-bird investment trust bargains for your ISA
by Sam Benstead from interactive investor, 3rd April 2024: With just days to go before the 6 April ISA deadline, after which the £20,000 allowance restarts, there is still time to add some new ideas to your portfolio.. Investment trusts often throw up opportunities for bargain hunters, as the share price can diverge from the […]
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15 Feb 2022 1 min read
Investment trust insider on global equity income funds
Investment trust insider on global equity income funds – James Carthew: Scottish gone, it’s Majedie’s turn to merge One of the big surprises of last year was Scottish (SCIN) opting to be absorbed by JPMorgan Global Growth and Income (JGGI). Last week Scottish announced that its portfolio was now aligned with JGGI’s. Scottish’s shareholders approved […]
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23 Dec 2021 2 min read
Bargain Hunter: 25 cheap equity trusts towards end of 2021
Kyle Caldwell, interactive investor, 15 December 2021 Some trusts have seen premiums cool, while others are trading on potentially unjustly wide discounts. The pick-up in market volatility of late, amid concerns over rising inflation levels and the emergence last month of the Omicron variant, has led to a welcome increase in potential investment trust discount […]
