# Scottish Investment Trust

Scottish Investment Trust is an Investment Trust based in Edinburgh, United Kingdom.

## Overview

- **Organization type:** Investment Trust
- **Headquarters:** Edinburgh, United Kingdom
- **Region:** Europe
- **Address:** Edinburgh, United Kingdom
- **Founded:** 1887
- **Assets under management:** Undisclosed
- **Website:** www.thescottish.co.uk
- **LinkedIn:** https://www.linkedin.com/company/the-scottish-investment-trust-plc
- **Wikidata:** Q16887402

## Regulatory record

- **Reports private funds:** No

## About

Scottish Investment Trust is an investment trust based in Edinburgh, UK. It manages approximately $875.92 million in assets across 17 funds, primarily focused on European investments.

## People

- Alasdair McKinnon — Lead Manager and CEO (until merger in 2022)
- James Will — Chairman of the Board (at time of merger)

## Questions

### What happened to The Scottish Investment Trust?

The Scottish Investment Trust merged into JPMorgan Global Growth & Income plc (JGGI) in July 2022. The combination was approved by shareholders of both trusts. SIT's assets were absorbed, and the continuing entity trades under the JPMorgan Global Growth & Income name and ticker, managed by J.P. Morgan Asset Management.

### How was SIT's investment strategy distinctive?

SIT pursued a global contrarian value strategy that was deliberately benchmark-agnostic. The management team, led by Alasdair McKinnon, sought deeply out-of-favor equities. Unusually for an equity-focused investment trust, the portfolio included private equity holdings and a permanent allocation to gold and gold-mining shares, which was held as portfolio insurance rather than a speculative position.

### Who made investment decisions at SIT?

Lead Manager and CEO Alasdair McKinnon was the primary decision-maker on SIT's portfolio until the 2022 merger. He was supported by an internal investment team based in Edinburgh. The board, chaired by James Will at the time of the merger, provided oversight typical of a UK-listed investment trust.

### Is The Scottish Investment Trust still listed on the London Stock Exchange?

No. The Scottish Investment Trust was delisted and its listing cancelled following the completion of its merger with JPMorgan Global Growth & Income plc in July 2022. Former SIT shareholders received shares in JGGI, which remains listed on the London Stock Exchange.

## Related profiles

- [Scottish Friendly Assurance Society](https://altss.com/profile/scottish-friendly-assurance-society)
- [Scottish National Investment Bank](https://altss.com/profile/scottish-national-investment-bank)

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Last updated: 2026-06-03T20:00:00.000Z

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