News Snapshot:
WhatsApp Scottish Mortgage Investment Trust’s top holding is now Tencent Scottish Mortgage Investment Trust (LON:SMT) confirmed that it sold 80% of its Tesla holding over the past 12 months, as well as selling-off a number of Silicon Valley tech stocks, the Financial Times reported today. The UK’s largest investment trust also increased its exposure to China. By the end of March, Tesla was its fifth-largest holding, down from second the year before, as Scottish Mortgage cashed in on its investment. The trust’s co-manager Tom Slater commented on the decision to remove Tesla from its portfolio: “The value that Tesla has...
