Funds & ETFs 

Scottish Mortgage writes down unquoted holdings

Scottish Mortgage writes down unquoted holdings

Scottish Mortgage Investment Trust (SMT) has marked down the value of its unquoted investments in response to the severe market volatility of recent weeks. Baillie Gifford, which runs the investment trust, said that it had held “multiple ad hoc pricing reviews” of unquoted holdings amid the market turbulence, suggesting several markdowns have been made.

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