FinanceQuartzabout 2 hours ago
Scottish Mortgage Sells Tesla, Trims SpaceX
2 min read
Scottish Mortgage Investment Trust exited its Tesla stake entirely in April and reduced its SpaceX holding to 11.1% of total assets. The fund's net asset value returned 31.5% over the half-year ended Sept. 30, while the FTSE All-World Index returned 16%. Proceeds from SpaceX sales helped pay down debt, dropping net gearing from 11.0% to 4.3%.
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