(Bloomberg) — A British fund that has grown more than seven times faster than peers this year has one big bet to thank.Scottish Mortgage Investment Trust Plc’s holding of 1.87 million shares in Tesla Inc. has increased in value by more than $2 billion since the end of March as the electric carmaker’s stock price has surged to a record. That, along with investments in other U.S. tech giants and stay-at-home winners, means the fund has provided a year-to-date return of 55% versus 7.1% for its peer group, according to data compiled by Bloomberg.The growth of the closed-end investment fund …read more
Source:: Yahoo Finance
