Securities Trust of Scotland (STS)

Business description

Launched in May 2005, as a vehicle for holders of the previous "Securities Trust of Scotland" to roll their holding into, STS is an income trust that pays quarterly dividends. Ross Watson, a director of Martin Currie's investment team responsible for UK Growth & Income investments, has led the management of STS since its launch in 2005.

Stock data

Market cap.£189.7m
Last close169.13p
High / Low (52 weeks)172.8p / 132.8p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Investment summary

Securities Trust of Scotland (STS) aims to achieve rising income and long-term capital growth from a concentrated portfolio of large- and mid-cap global equities. Following the move to a higher-yielding and progressive dividend policy in May 2015, from 1 June 2016 STS adopted a new unconstrained, high-conviction investment approach under new manager Mark Whitehead. Performance is now measured versus a peer group of both open and closed-ended funds and in September 2016 gearing was increased from £17m to £25m. The changes appear to be bearing fruit – STS has outperformed its peer group benchmark since the change in investment approach in June 2016.

Last updated on 24/02/2017

Latest video

Executive Interview - Securities Trust of Scotland

Key management

Neil Donaldson, Chairman
Alan Porter, Fund manager
Christopher Pyrkosz, Head of Investment Trust Marketing

Company address

Saltire Court
20 Castle Terrace
Edinburgh
EH1 2ES
United Kingdom
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