Discovery Q2 investment update

Discussing Scottish Mortgage holding SpaceX and prospects for Chinese growth.

Investment manager Mark Urquhart reflects on recent performance, portfolio changes and market developments.

Iain McCombie shares his views on the UK Growth Trust's performance and the current market conditions.

The Global Discovery Fund aims to outperform (after deduction of costs) the S&P Global Small Cap Index, as stated in sterling, by at least 2 per cent per annum over rolling five-year periods.

The Worldwide Discovery Fund aims to produce attractive long-term returns, mainly through capital growth. The Fund will invest primarily in equities which are listed, traded or dealt in on Regulated Markets worldwide and which will typically be stocks of smaller or younger companies that the Investment Manager considers to have strong future growth prospects.

We look for early-stage transformative companies poised for long-term growth, scaling up to shape the next decade's success.

Finding early opportunities in small-to-mid-cap firms with the aim of discovering lasting growth and success.