Overview
STS Global Income & Growth Trust, formerly Securities Trust of Scotland, tries to provide a rising income and long-term capital growth through investment in global equities. The trust pays quarterly dividends to provide investors with a regular income. The manager typically runs a focused equity portfolio of 40-60 stocks that is unconstrained by country or sector restrictions.
We have written notes that explain how the fund works:
- March 2017, published March 2017, looks at Martin Currie an Edinburgh based funds manager and three closed-end funds
You can access the manager’s website here
You can view our interviews with the company’s Fund Managers below:
11th March 2022: James Harries – Weekly Show
Fundamentals
Price
Research History
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30 Aug 2024 1 min read
Interview with James Harries from STS Global Income & Growth Trust
In this week’s show, Matthew Read spoke to James Harries from STS Global Income & Growth Trust. 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 Aiman. Additionally, if […]
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05 Jan 2023 90 min read
QuotedData’s Economic and Political Monthly Roundup January 2023
Economic and Political Monthly Roundup Investment companies | Monthly | January 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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11 Mar 2022 1 min read
Interview with James Harries of Securities Trust of Scotland
In this week’s show, James Carthew talked to James Harries of Securities Trust of Scotland. 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. Additionally, if you would […]
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23 Apr 2021 1 min read
Interview with James Harries from Securities Trust of Scotland
In this week’s show, James Carthew talked to James Harries from Securities Trust of Scotland. Watch it again here If you were looking for QuotedData’s roundup of the week’s news, this is now in the news section – just click here. If there is a guest speaker you’d particularly like to hear from, please email us – [email protected]. […]
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10 Aug 2020 4 min read
QuotedData’s Economic Roundup – August 2020
Economic & Political Roundup Kindly sponsored by Allianz 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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24 Jan 2020 20 min read
QuotedData’s Investment Companies Annual Review – 2019
In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]
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10 Jan 2020 8 min read
QuotedData’s economic roundup – January 2020
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz 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 […]
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05 Jul 2019 6 min read
QuotedData’s economic roundup – July 2019
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 or sell any of the […]
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3 min read
QuotedData’s investment companies roundup – July 2019
Investment Companies Roundup New research Over June, we published notes on CQS Natural Resources Growth and Income, Standard Life Private Equity and Shires Income. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – there was a greater appetite for risk in June as […]
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19 Dec 2018 1 min read
QuotedData’s economic roundup – December 2018
QuotedData’s economic roundup – December 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 any […]
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18 Jul 2018 2 min read
Quarterly Investment Companies Roundup – Second Quarter 2018
QUARTERLY INVESTMENT COMPANIES ROUNDUP – SECOND QUARTER 2018 Global equities markets rose in the second quarter of 2018, Markets were volatile, as positive economic data and encouraging company performances played off against geopolitical concerns. Yields from bond markets rose early in the quarter but fell back as investors turned to ‘safer’ investments. The threat of […]
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11 Jul 2018 1 min read
QuotedData’s investment companies roundup – July 2018
QuotedData’s investment companies roundup – July 2018 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 June 2018. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised and returned in June Newcomer to the market, Yew Grove […]
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1 min read
QuotedData’s Economic round up – July 2018
QuotedData’s Economic round up – July 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 […]
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18 Jan 2018 1 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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11 Dec 2017 1 min read
QuotedData’s economic round up – December 2017
QuotedData’s economic round up – December 2017 – 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 […]
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12 Oct 2017 1 min read
QuotedData’s economic round up – October 2017
QuotedData’s economic round up – October 2017 – 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 […]
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14 Sep 2017 2 min read
QuotedData’s economic round up – September 2017
QuotedData’s economic round up – September 2017 – 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 […]
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03 Aug 2017 2 min read
QuotedData’s economic round up – August 2017
QuotedData’s economic round up – August 2017 – 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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12 Jul 2017 2 min read
QuotedData’s economic round up – July 2017
QuotedData’s economic round up – July 2017 – 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 […]
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14 Jun 2017 1 min read
QuotedData’s economic round up – June 2017
QuotedData’s economic round up – June 2017 – 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 […]
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16 May 2017 1 min read
QuotedData’s economic round up – May 2017
QuotedData’s economic round up – May 2017 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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10 Apr 2017 1 min read
QuotedData’s round up of views on the global economy – April 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 […]
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1 min read
QuotedData investment companies roundup – April 2017
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 February 2017. Kindly sponsored by Baillie Gifford. April Investment Companies Roundup
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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 […]
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13 Mar 2017 2 min read
Martin Currie Closed-End Funds Snapshot
Martin Currie Closed-End Funds Snapshot – In this publication, Martin & Co takes a look at Edinburgh-based fund manager, Martin Currie and provide a snapshot of its three investment trusts – Securities Trust of Scotland (STS), Martin Currie Global Portfolio (MNP) and Martin Currie Asia Unconstrained (MCP).Preview Changes (opens in a new window) Securities Trust of […]
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2 min read
Martin Currie Closed-End Funds Snapshot
In this publication, we take a look at Edinburgh-based fund manager, Martin Currie and provide a snapshot of its three investment trusts – Securities Trust of Scotland (STS), Martin Currie Global Portfolio (MNP) and Martin Currie Asia Unconstrained (MCP). Securities Trust of Scotland Mark Whitehead became the manager of Securities Trust of Scotland’s portfolio in […]
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07 Dec 2016 1 min read
QuotedData’s round up of views on the global economy – December 2016
QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. december-economic-and-political-roundup
News
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22 May 2025 5 min read
Good year for STS Global Income & Growth
STS Global Income & Growth has published results covering the 12 month period ended 31 March 2025, and they are good. The NAV and share price return were both 10.9% over the period which compares to a return on the Lipper Global – Equity Global Income Index of 4.5%. The total dividend for the year […]
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27 Mar 2025 2 min read
QuotedData’s morning briefing 27 March 2025 – STS, PNL, CYN, SRE, CLS
In QuotedData’s morning briefing 27 March 2025: STS Global Income & Growth (STS) says that, with effect from 1st May 2025, Tomasz Boniek will become its co-manager, working alongside James Harries. Tomasz joined Troy’s investment team eight years ago and has been an assistant fund manager for STS Global Income and Growth since Troy’s appointment […]
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06 Dec 2024 2 min read
QuotedData’s morning briefing 6 December 2024 – KPC, ESO, GPM, STS, ADIG
In QuotedData’s morning briefing 6 December 2024: Keystone Positive Change (KPC) has published a circular in relation to its proposal to wind up, which was announced on 30 September (click here to see our coverage of that), and also discussed in its results for the year ended 30 September 2024 (click here to read our […]
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22 May 2024 2 min read
Positive year despite increasing UK focus for STS Global Income & Growth Trust
STS Global Income & Growth Trust (STS) announced its annual report for the year ended 31 March 2024. The NAV total return for the year was +4.8%, and the share price total return was +6.1%, compared to a total return of +11.5% in the Lipper Global – Equity Global Income Index. This compares to a […]
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14 Mar 2024 1 min read
QuotedData’s morning briefing 14 March 2024 – FCSS, ACIC, TIGT, STS, PHI
In QuotedData’s morning briefing 14 March 2024: Fidelity China (FCSS) is expanding by £126.6m as it issues 59m shares to abrdn China shareholders in connection with the merger of the two companies. Each abrdn China (ACIC) share rolling into Fidelity China will be exchanged for 2.06481 Fidelity China shares (although each shareholder’s total position will […]
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01 Dec 2023 1 min read
QuotedData’s weekly news update 1st December
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: abrdn China and Fidelity China Special Solutions (1:08) Troy Income and Growth and STS Global Income and Growth (4:33) Vietnam Holding (8:16) Digital 9 Infrastructure […]
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3 min read
QD view – a sector in turmoil
Another week, another bout of corporate activity. Subject to shareholder approval, abrdn China is to be absorbed by Fidelity China Special Situations, and Troy Income and Growth will merge with STS Global Income and Growth. In addition, abrdn European Logistics Income announced a strategic review, Downing Renewables and Infrastructure Trust said that it would consider […]
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28 Nov 2023 2 min read
Proposed combination of Troy income and STS Global Income & Growth Trust
As noted on November 3, Troy Income (TIGT) has announced that terms have been agreed for a proposed combination of TIGT with the STS Global Income & Growth Trust (STS). Following implementation of the proposals, the enlarged STS will continue to be managed, on the same basis as currently, by Troy Asset Management Limited with James […]
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08 Jun 2023 3 min read
Fairly flat returns from STS Global Income & Growth
STS Global Income & Growth Trust (formerly Securities Trust of Scotland) has announced results for the year ended 31 March 2023. Unfortunately the trust underperformed, the NAV return for the year was -1.8%, and the share price total return was -4.8%, compared to a total return of +0.5% in the Lipper Global – Equity Global […]
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07 Jun 2023 1 min read
QuotedData’s morning briefing 7 June 2023
Pantheon Infrastructure (PINT) announced a £52.5m increase to its existing £62.5m multicurrency revolving credit facility bringing the total to £115m. The increase in the loan facility provides the company with additional liquidity to support further investment in high-quality infrastructure assets from PINT’s near-term investment pipeline. The loan facility is currently undrawn. abrdn Diversified Income and […]
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20 May 2022 4 min read
Securities Trust of Scotland buoyed by consumer staples and IT exposures
Securities Trust of Scotland (STS) has announced its annual results for the year ended 31 March 2022. During the period, STS provided NAV and share price total returns of 16.8% and 17.4% respectively, which compared to a total return of 10.8% in the Lipper Global – Equity Global Income Index. These compare to a net […]
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13 Dec 2021 2 min read
QuotedData’s morning briefing 13 December 2021
In QuotedData’s morning briefing 13 December 2021: Triple Point Energy Efficiency Infrastructure (TEEC) has acquired three operational, Feed in Tariff accredited hydroelectric power projects in Scotland for an aggregate consideration of £19.6m (excluding costs). They have a total installed capacity of 2.5MW, and all have five years or more of operational performance history. This investment […]
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20 May 2021 3 min read
Securities Trust of Scotland reports on ‘eventful year’ with significant gains
Securities Trust of Scotland reports on ‘eventful year’ with significant gains – Securities Trust of Scotland has announced its results for the year ended 31 March 2021, in which the net asset value total return was 28.5%, a significant increase on the previous year’s 8.3%. The share price total return also rose from 2.7% to […]
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12 Nov 2020 2 min read
QuotedData’s morning briefing 12 November 2020
In QuotedData’s morning briefing 12 November 2020: Further to its announcement on 17 September, Securities Trust of Scotland has provided an update confirming: Troy Asset Management Limited has been formally appointed as the Company’s investment manager James Harries is the named fund manager A discount control mechanism has been introduced that aims to ensure that the […]
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18 Sep 2020 3 min read
Troy wins battle for Securities Trust
The big news of the week in the investment companies sector is probably Troy Asset Management securing the management contract for Securities Trust of Scotland from Martin Currie. Securities Trust is a £200m global equity income fund. Troy already has a UK equity income trust and Personal Assets, a global absolute return trust, both of […]
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1 min read
QuotedData’s weekly news show 18 September 2020
In QuotedData’s weekly news show 18 September 2020 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on youtube. In this week’s show, James Carthew covered the week’s top stories: Securities Trust of Scotland changing its manager Premier Global Infrastructure changing its investment approach JPMorgan Brazil losing its continuation vote Gabelli […]
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17 Sep 2020 3 min read
Troy wins Securities Trust mandate
Troy wins Securities Trust mandate – The board of Securities Trust of Scotland says that, after an extensive review of its investment management arrangements, it has entered into agreements to appoint Troy Asset Management Limited as its new investment manager and PATAC Limited as its alternative investment fund manager (“AIFM”), company secretary and administrator. The […]
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04 Jun 2020 1 min read
QuotedData’s morning briefing 4 June 2020
In QuotedData’s morning briefing 4 June 2020: Securities Trust of Scotland served notice on Martin Currie after it found out that Mark Whitehead (the portfolio manager) had resigned from Martin Currie – he leaves on 1 December 2020. “The board will be undertaking a review of its management arrangements, which process will include Martin Currie, and […]
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24 Jun 2019 5 min read
Securities Trust of Scotland outperformed peers
Securities Trust of Scotland (STS) has announced its annual results for the year ended 31 March 2019, in which it outperformed its peers. During the period, STS provided an NAV total return of 11.4% and a share price total return of 9.6%. The trust says that that these are ahead of the peer group median […]
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18 Sep 2017 1 min read
Investment trust insider on UK equity income
James Carthew: UK income trusts standing out from the crowd What makes an investment trust stand out from the crowd? It is a question that preoccupies many boards and it is relevant in a time when many investors are being warned off me-too funds, quasi-index trackers and even active investing. Two high-profile funds in the […]
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07 Jun 2017 2 min read
Healthier tobacco helps Securities Trust of Scotland outperform
Healthier tobacco helps Securities Trust of Scotland outperform. Mark Whitehead, head of Martin Currie’s newly resourced income team, was appointed as portfolio manager of Securities Trust of Scotland in May 2016. Since taking over, Mark has repositioned the portfolio with a greater focus on companies that exhibit growth and have a strong degree of security in their […]
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03 May 2017 2 min read
14th consecutive year of outperformance for BlackRock Smaller
For fourteen consecutive years BlackRock Smaller Companies has outperformed its benchmark and increased its dividend. Over that period, the NAV has grown nearly ten-fold whereas the benchmark has almost quadrupled. The compound annual increase in dividends paid over the past five years has been 20% per annum. During the year to 28 February 2017, the NAV increased […]
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06 Feb 2017 1 min read
14 investment trusts for income and growth in 2017
Investors looking forward to a period of calm in 2017 might be disappointed, but David Prosser has the trusts experts are backing to navigate further storms. Having just been through a year of unprecedented political upheaval that sent financial markets spinning, many investors will be assuming 2017 cannot possibly be so tumultuous. The reality, however, […]
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21 Nov 2016 2 min read
Securities Trust of Scotland boosts revenue with Airbus options
Securities Trust of Scotland reports that, for the six month period ended 30 September 2016, its net asset value total return was 13.7% and the share price total return was 17.6%. This compares to the peer group median performance of 14.2% over the same period. The revenue return per share for the six months was 3.07p, an […]
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12 May 2016 2 min read
New manager for Securities Trust of Scotland
Securities Trust of Scotland reports that, for the year ended 31 March 2016, its net asset value was flat and the share price was down 2.2%, both on a total return basis for the period. This compares to a 4.4% rise in the benchmark. The board has declared a fourth dividend of 1.45p, bringing the […]
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09 Nov 2015 2 min read
Securities Trust committed to dividend increase
Securities Trust of Scotland generated a return on net assets of -10.7% over the six months ended 30 September 2015. By contrast, the fund’s benchmark, MSCI World High Dividend Yield Index, returned -9.1%. The discount widened from 5.75 to 7.5% and so the return to shareholders was -12.5%. The dividend was increased from 2.3p to […]
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27 May 2015 2 min read
Securities Trust hit by discount widening
Securities Trust of Scotland lagged its benchmark a little over the year to the end of March 2015, returning 12.5% on net assets against a 13.4% return on the benchmark. Shareholders did much worse however as a discount opened up leaving them with a return of just 3.1%. The dividend was increased from 4.8p to 4.9p. […]
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18 Nov 2014 2 min read
Securities Trust of Scotland underperforms in first half
STS : Securities Trust of Scotland underperforms in first half Securities Trust of Scotland lagged its benchmark (MSCI World High Dividend Yield Index) by 2.4% over the six months that ended on 30 September 2014 – making a 2.6% total return on net assets. The Chairman said stock selection was the predominant reason behind underperformance, particularly within the […]
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In The Press
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07 Jul 2025 1 min read
How YOU can profit from Europe’s sweltering summer. As our environment heats up, these funds could deliver sizzling returns: MIDAS SHARE TIPS
By ROSIE MURRAY-WEST, Mail on Sunday, 5 July 2025: As Britain sweltered in the hottest June on record, businesses and homeowners invested in technology to make our living spaces and offices more comfortable. The latest figures show only about 5 per cent of British homes have air conditioning, but the number is growing and predicted […]
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27 Jun 2024 1 min read
What’s behind more investment trusts joining forces?
by Kyle Caldwell from interactive investor, 25th June 2024: The investment trust industry has in the past faced criticism for having too many small, sub-standard trusts with assets worth £100 million or less. This has been changing over the past couple of years, with boards increasingly ringing the changes. Boards have the ability to replace […]
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04 Jan 2024 1 min read
How do last year’s investment trust mergers stack up?
by Dave Baxter, Investors’ Chronicle, January 3, 2024: Even the last working day before Christmas was far from short of investment trust news. The board of Octopus Renewables Infrastructure (ORIT) announced an intention to merge with its peer Aquila European Renewables (AERI) on the morning of 22 December… The plan has received a lukewarm response […]
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14 Oct 2022 1 min read
Lindsell Train and Scottish Mortgage among the cheapest global trusts relative to their recent history
By Tom Aylott, Reporter, Trustnet, 13 October 2022: Global trusts were some of the biggest benefactors of the growth wave that dominated throughout the 2010s, loading up on US tech companies that soared. In the past five years alone, the IT Global Equity Income and IT Global sectors have delivered investors a total return of […]
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08 Jun 2020 1 min read
Investment trust insider on Securities Trust of Scotland
Investment trust insider on Securities Trust of Scotland – James Carthew: Securities Trust swings in the balance Securities Trust of Scotland (STS) has served protective notice on its manager, Martin Currie. The trigger for this was Mark Whitehead’s resignation from Martin Currie. He has managed the investment trust since May 2016, having joined Martin Currie the […]
