Launched in 1909, Scottish Mortgage is considered to be Baillie Gifford's flagship investment trust. These days the trust is Global rather than Scottish and has nothing whatsoever to do with mortgages. Scottish Mortgage is a low cost equity fund which invests in really exciting companies on a global basis. These stocks are carefully selected for their strong growth prospects. The trust looks to significantly outperform world stock market indexes over a five year rolling period. As at 31 January 2014 Scottish Mortgage had total net assets of £2.5 billion, making it one of the UK's largest investment trusts. Please remember that the value of your investments and any income from them may go down as well as up and you may not get back the amount originally invested.