Funds Fan: tax attack on Scottish Mortgage, and tech share tips

In the latest Funds Fan episode, the team argue against a call from campaign group Tax Justice UK for several UK companies, including Scottish Mortgage, to pay a Covid surcharge tax on “excess profits” made during the pandemic. The team also discuss how to avoid potential closet tracker funds, and the high demand for investment trusts this year.

Later, Timothy Woodhouse, manager of the JPMorgan Global Growth & Income Trust, explains why the trust is favouring Europe. He also gives his views on the US tech giants; detailing why Microsoft, Amazon and Alphabet are the trust’s top three holdings, and why he is not currently favouring Apple and Facebook.

At the end of the podcast, our Fund Spotlight feature focuses on Fundsmith Sustainable Equity.

Visit ii.co.uk/funds and ii.co.uk/stock-market-news for more investing insight and ideas.

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