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Scottish Mortgage returns to TSMC for the first time in a decade
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The £14bn trust began buying the stock in April and has amassed a stake in the business accounting for roughly 1% of SMT's total assets, around £140m. The sale will be reflected in the company's April factsheet, and while it is not initially entering the top ten holdings, Ben James, portfolio director for SMT, told Investment Week it will be «a significant position in Scottish Mortgage for a while». He said that while he could not pre-empt the final allocation or investment decisions made by the managers, «there will be opportunities to add to it, because it is a cyclical industry». ...
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