The History of Dunedin Income Growth Investment Trust
The History of Dunedin Income Growth Investment Trust PLC The first investment trust launched in Scotland, 1873 – 2018 Dunedin Income Growth Trust Investment Income Dunedin Foreword 1873 – 2018 This booklet, written for us by John Newlands, It is a particular pleasure for me, as Chairman of DIGIT describes the history of Dunedin Income Growth and as former employee of Robert Fleming & Co to be Investment Trust PLC, from its formation in Dundee able to write a foreword to this history. It was Robert in February 1873 through to the present day. Fleming’s vision that established the trust. The history Launched as The Scottish American Investment Trust, of the trust and its role in making professional “DIGIT”, as the Company is often known, was the first investment accessible is as relevant today as it investment trust formed in Scotland and has been was in the 1870s when the original prospectus was operating continuously for the last 145 years. published. I hope you will find this story of Scottish enterprise, endeavour and vision, and of investment Notwithstanding the Company’s long life, and the way over the past 145 years interesting and informative. in which it has evolved over the decades, the same The Board of DIGIT today are delighted that the ethos of investing in a diversified portfolio of high trust’s history has been told as we approach the quality income-producing securities has prevailed 150th anniversary of the trust’s formation. since the first day. Today, while DIGIT invests predominantly in UK listed companies, we, its board and managers, maintain a keen global perspective, given that a significant proportion of the Company’s revenues are generated from outside of the UK and that many of the companies in which we invest have very little exposure to the domestic economy.
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