Monks Investment Trust is a general international investment trust but rather than being a closet index tracker it has a portfolio of somewhat diverse companies. In other words it is very much a “stock picking”, bottom-up approach with lots of “special situations”, undervalued opportunities, bets on future growth and other stocks in what it calls “a relatively concentrated” portfolio. But it still has a lot of holdings. The fund is managed by Baillie Gifford based in Edinburgh, with Gerald Smith having ...