Scottish Mortgage Investment Trust posts 27.4% NAV return driven by AI and SpaceX optimism
By
Steven Frazer
Crisp on the outside, thoughtful on the inside. A keeper.
Summary
Scottish Mortgage Investment Trust has reported strong annual results with NAV total return rising 27.4% and share price up 26.8%, outperforming the FTSE All-World Index. The recovery is driven by renewed enthusiasm for artificial intelligence, private technology assets, and anticipation of a major IPO pipeline led by SpaceX. This marks a sharp turnaround from the growth-stock sell-off of 2022/23 when the trust traded at double-digit discounts to NAV.
Key quotes
· 3 pulledThe latest results from Scottish Mortgage Investment Trust underline how dramatically sentiment has shifted since the growth-stock sell-off of 2022/23.
NAV total return rose 27.4% and share price 26.8%, both outperforming the FTSE All-World Index (18%).
After a prolonged period trading on double-digit discounts to net asset value (NAV), the trust has enjoyed a sharp recovery in both NAV and share price performance.
You might also wanna read
ファミリーマート、セブン銀行ATMの設置を開始—2030年までに全1万6000台を切り替え
ファミリーマートは2026年6月1日、都内の店舗にセブン銀行のATMを設置開始した。「ファミマATM」として順次拡大し、2030年までに国内全約1万6000台のATMをセブン銀行のものに入れ替える計画。新ATMでは現金の出入金に加え、キャッシュレス決済への現金チャージが可能になり
Danish pension companies see sharp rise in customer satisfaction after years of decline
After years of declining popularity among private savers, Danish pension companies are experiencing a significant turnaround in customer sat
finans.dk·2h ago
Why investing at market peaks is less risky with proper diversification
This Danish opinion piece argues that with proper risk diversification, investors will eventually recover losses even if they hold their sto
finans.dk·2h ago
Japan Manufacturing PMI confirmed at 54.5 in May, easing from April's 55.1
The S&P Global Japan Manufacturing PMI for May 2026 was confirmed at 54.5, matching preliminary estimates but down from April's 55.1. While
seekingalpha.com·2h ago
Strait of Hormuz disruption creates growing tension in oil markets as traders ignore warning signs
The article describes a growing crisis in global oil markets as the Strait of Hormuz — a critical waterway carrying about one-fifth of the w
bit.ly·2h ago
Cathie Wood's Roku bet: Streaming stock still down 73% from peak
The article analyzes Cathie Wood's investment in Roku (ROKU), a streaming platform stock that has fallen 73% from its all-time high. Wood ho
bit.ly·2h ago