The Scottish Mortgage Investment Trust managed by Baillie Gifford from Edinburgh.

A £2.5bn Listed Company that is over 100 years old, as it was founded in 1909 as an investment vehicle to help fund the rubber plantations in South East Asia, as there was Credit Crisis in 1909, and the planters had hardship in obtaining credit for their plantations.

Thus an investment company called The Straits Mortgage and Trust Company Limited to lend money to the planters, secured on the rubber estates. This became The Scottish Mortgage Investment Trust.

[http://www.bailliegifford.com/individual-investor/scottish-mortgage-investment-trust.aspx]

What is incredible that this fund has only ever cut its dividend once, and that was in 1933. Today it has over £2.6bn under management.

[http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?username=&ac=&csi=10304&record_search=1&search_phrase=SMT]

It is an international investor, whose investments are global:-

North America 38.0%

Continental Europe 24.1%

Asia Pacific 21.3%

United Kingdom 9.3%

Emerging Markets 5.2%

Net Liquid Assets and Bonds 1.4%

Japan 0.7%

It’s top 15 investments are:-

Baidu.com 7.8%

Illumina 7.7%

Amazon.com 7.2%

Tencent 6.1%

Inditex 5.2%

Facebook3.0%

Kering 2.9%

Banco Santander 2.8%

Atlas Copco 2.6%

Fiat 2.6%

Prudential 2.6%

Tesla Motors 2.4%

Alibaba Group 2.2%

BASF 2.1%

Apple 2.0%

A diversified investment company, with an investment horizon that is clearly the long term.