Value of charitable trust’s investment fund plummets
Shetland Charitable Trust’s (SCT) investment fund has dropped in value by over £130 million in the last year.
The fund sat at £487.9m at the end of 2021.
But increasing economic uncertainty saw that figure plummet to £356.5m by the end of December 2022.
That was a £74.8 million drop in the nine months from March 2022, at the beginning of the current financial year.
The return on the trust’s external investment was -16.8 per cent during that time.
Trustees will be asked to consider and note the report at their latest meeting on Thursday morning.
Ali Inkster
And yet the FTSE has just hit a historic high. Might be time to change investment management. Or maybe invest for financial returns not for some some bull esg score