Investment trust Scottish American (LON:SAIN) underperformed its benchmark in the first half to June. Known as ‘SAINTS’, the global equity income fund’s underweight exposure to the semiconductor industry detracted from relative returns. Nevertheless, the operational performance of SAINTS’ holdings remained ‘encouraging’. Broad-based earnings growth was generated across the equity portfolio. And the Baillie Gifford-managed fund … Continue reading SAINTS on track for 53rd annual dividend increase