Overview
ScotGems Plc was an investment trust that invested in small cap companies globally. Its objective was to provide long-term capital growth by investing in a diversified portfolio of small cap companies listed on global stock markets across a range of sectors. ScotGems has been wound up and its shares were delisted from trading with effect from 8am on 9 September 2022.
Small cap companies were defined as those with a market capitalisation of less than USD 2.5 billion at the time of investment. ScotGems could only invest in smaller unlisted companies where it was reasonably expected that such companies will be listed within 12 months from the time of investment. The portfolio would typically range between 20 and 30 holdings in normal market circumstances.
The Board of ScotGems plc believed that a positive long-term investment opportunity exists through identifying promising small cap companies across the world, controlled and run by responsible stewards and effective management.
You can access the company’s website here
Research History
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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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06 Dec 2019 6 min read
QuotedData’s investment companies roundup – December 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford Table of contents New research In this issue Performance data Discounts and premiums Money in and out Income Events New research Here is a list of research we published over November: An initiation note on Henderson High Income “We have initiated coverage on Henderson High Income (HHI). Since […]
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07 Jun 2019 3 min read
QuotedData’s investment companies roundup – June 2019
Investment Companies Roundup New research Over May, we published notes on Shires Income, Standard Life Private Equity and The North American Income Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was notable that risk appetite was down in May as renewed […]
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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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04 Apr 2019 1 min read
QuotedData’s investment companies roundup – April 2019
QuotedData’s investment companies roundup – April 2019 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 March 2019. Kindly sponsored by Baillie Gifford. JPMorgan Indian, India Capital Growth, Aberdeen New India and Ashoka India Equity Investment […]
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18 Jan 2019 1 min read
QuotedData’s investment companies roundup – January 2019
QuotedData’s investment companies roundup – January 2019 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 December 2018. Kindly sponsored by Baillie Gifford. Extract from money raised and returned in December The only new issue […]
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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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12 Jul 2017 2 min read
QuotedData investment companies roundup – July 2017
QuotedData investment companies roundup – July 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 June 2017. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised in July Newly launched in June were […]
News
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09 Sep 2022 2 min read
QuotedData’s morning briefing 9 September 2022
In QuotedData’s morning briefing 9 September 2022: Riverstone Credit Opportunities Income (RCOI) has announced that it is upsizing its investment in Hoover Circular Solutions, a sponsor-backed company that is a global leading specialty rental provider of containers and mobile asset management solutions across the energy, industrial, refining, and petrochemical industries. In October 2020, RCOI participated in a […]
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05 Aug 2022 4 min read
QuotedData’s morning briefing 5 August 2022
In QuotedData’s morning briefing 5 August 2022: Fidelity European (FEV) has announced its interim results for the six months ended 30 June 2022. During the period, FEV’s total return was -12.0%, which it says compares to a total return of -15.1% for the FTSE World Europe (ex UK) Index which is the Company’s Benchmark Index. […]
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04 Jul 2022 1 min read
QuotedData’s morning briefing 4 July 2022
In QuotedData’s morning briefing 4 July 2022: ScotGems (SGEM) has decided to put forward formal proposals to shareholders for a members’ voluntary liquidation of the company. Such proposals, if approved, would provide all shareholders with a full cash exit less costs. This comes after the company received notice to terminate its AIFM from First Sentier […]
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12 May 2022 1 min read
ScotGems calls continuation vote
On 9 March 2022, the board of ScotGems announced that it had received notice from First Sentier Investors (UK) Funds Limited that it wanted to terminate its management agreement. The board says that it has considered carefully the future of the company including reviewing a number of proposals made to the board and consulting with […]
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11 Mar 2022 1 min read
QuotedData’s weekly news show 11th March 2022
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: •Jupiter Emerging & Frontier Income •ScotGems •AllianzTechnology This week’s interview was with James Harries of Securities Trust of Scotland – watch it again here.
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2 min read
Further disappointment and Russian surprise for ScotGems
ScotGems (SGEM) has announced its annual results for the year ended 31 December 2021. During the period, the trust’s NAV rose by 8.2%, yet its share price fell by 0.7%. The chairman, William Salomon, says that SGEM’s disappointing performance since launch, in both absolute and relative terms, can be attributed to the Managers’ cautious approach […]
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10 Mar 2022 2 min read
QuotedData’s morning briefing 10 March 2022
In QuotedData’s morning briefing 10 March 2022: ScotGems (SGEM) says that yesterday, it received notice to terminate the investment management agreement from its manager, First Sentier Investors (UK) Funds Limited. The termination will not take effect until a replacement manager is appointed, subject to a maximum period of six months from today’s date. The board […]
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10 Mar 2021 1 min read
ScotGems’s disappointing performance over 2020 reflects low exposure to China, South Korea and Taiwan
ScotGems (SGEM), the global emerging markets sector trust, reported annual results to 31 December 2020. During 2020, the share price rose by 2.1% and the NAV fell by 1.3%. This compares to a rise in the MSCI emerging markets small cap index of 8.5% and a fall in the MSCI emerging markets ex Asia index […]
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09 Mar 2020 2 min read
ScotGems reflects on challenging year
The global emerging markets company, ScotGems (SGEM), which invests in small-caps, has published its annual accounts to 31 December 2019. It was a difficult year results-wise with SGEM’s shares falling by 23.2% and the NAV by 6.5%, over the year. This compares to a rise in the MSCI AC World Index of 19.3%, a rise in […]
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04 Oct 2019 1 min read
ScotGems board considering future
ScotGems board considering future – On 26 September, we told you that ScotGems’ manager had resigned – see story – last night, the board released the following statement: “On 25 September 2019 the company announced that Tom Prew had assumed the role of lead manager with immediate effect, with Tom Allen continuing as co-manager. Mr […]
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26 Sep 2019 1 min read
ScotGems manager resigns
ScotGems manager resigns – The investment management team of Ashish Swarup and Tom Allen have worked together on the ScotGem’s portfolio since its launch in June 2017. Ashish Swarup has resigned from Stewart Investors, the company’s investment manager. The board note that Tom Prew has assumed the role of lead manager with immediate effect, with Tom […]
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06 Mar 2019 1 min read
ScotGems reports losses in year-end results
ScotGems reports losses in year-end results – ScotGems plc has announced their results for the year ended 31 December 2018. The company’s objective is to invest in diverse, small cap companies for long term results. The company reportedly was 72.3% invested by 31 December 2018. Since its inception in June 2017, the share price has […]
Upcoming Events
Videos
In The Press
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03 Dec 2020 2 min read
Investment trust insider on emerging markets
Investment trust insider on emerging markets – James Carthew: Who to back in the emerging markets rally? The good news that we have had over the past few weeks on the US election and vaccines to tackle Covid-19 have helped drive a recovery in emerging markets investment trusts. Shares in JPMorgan Emerging Markets (JMG), Mobius (MMIT) […]
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25 Aug 2020 1 min read
Surviving the investment trust shake-up
Surviving the investment trust shake-up By Dave Baxter Investors Chronicle, 7 Aug 2020 A ‘Darwinian’ process of corporate action and shareholder scrutiny has long prevented the UK’s investment trust universe from getting bloated. The sector consisted of just 395 closed-ended funds at the end of June, according to Association of Investment Companies (AIC) data. By contrast, UK […]
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02 Jun 2020 2 min read
Investment trust insider on emerging markets
Investment trust insider on emerging markets – James Carthew: there’s value in emerging markets as investors rush to take cover In uncertain times, it makes sense that investors turn to sectors with defensive earnings, such as utilities and infrastructure. Ecofin Global Utilities and Infrastructure (EGL), which I hold, is trading at asset value and issuing shares. […]
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15 Oct 2019 2 min read
Investment trust insider on changing managers
Investment trust insider on changing managers – James Carthew: when fund managers just have to go Over the past few weeks, we have seen a rush of boards removing or threatening to remove fund managers. I have said many times in the past that this is one of the great strengths of the investment trust model. […]
