Growth in value of Trust’s market investments
The value of Shetland Charitable Trust’s externally managed investments was £282 million at the end of the financial year 2018-19.
Reserves recovered in the first quarter of 2019 after dipping to £263 million in October due to turmoil on the financial markets.
Overall, funds under management of Baillie Gifford, BlackRock, Schroders and Insight increased in size by £28 million (11.3%) from April 2018.
“These are good figures,” said Trust chief executive Ann Black, “but the Trust views its investments on a long-term basis, not from year to year.
“That allows us to ensure stability in our spending patterns and to preserve the funds for future generations to benefit from.”« All News Stories