Scottish Mortgage Investment Trust update: discount to net asset value narrows

Scottish Mortgage Investment Trust's is still trading at a discount relative to its net asset value – but the discount is narrowing, says Saloni Sardana.

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Scottish Mortgage investment trust (LSE: SMT) (one of the components of the MoneyWeek investment trust portfolio) continued to trade at a discount to its net asset value (NAV, otherwise known as the value of the underlying portfolio) in March this year.

But the discount marginally narrowed from 0.7% to 0.5%, suggesting that the trend of a widening discount could be turning. The trust typically trades at a premium to its NAV, but its share price declined every month from November to February.

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Saloni Sardana

Saloni is a web writer for MoneyWeek focusing on personal finance and global financial markets. Her work has appeared in FTAdviser (part of the Financial Times),  Business Insider and City A.M, among other publications. She holds a masters in international journalism from City, University of London.

Follow her on Twitter at @sardana_saloni