Hargreaves Lansdown

If investors are particularly enthusiastic about a trust's investment strategy or future prospects, they might be willing to pay a premium above the net asset value.

In fact, at the time of recording, I can see that Scottish Mortgage's estimated net asset value is 1,814 pence per share, according to Hargreaves Lansdowne, but the actual share price is 1,568p per share, meaning it's trading at a discount of roughly 13.5%.

But actually, given that this fund has traded at a discount for basically the last four years, it's not really a surprise to see that discount is still there today.

I'd say this feature of net asset values is the key thing to be aware of, and how investment trusts don't identically mirror the value of their underlying investments in the way that ETFs do.

But I think for people that are using those types of platforms where you haven't got fractional shares in ETFs, and they want all their money to be invested and not have any cash sitting over, then using something like the HSBC FTSE All World is a great way to go about it, assuming you want a low cost global fund as your main holding.

For me personally, I actually use this fund above the FTSE Global All Cap in my Vanguard SIP ISA and Hargreaves Lansdowne stocks and shares lifetime ISA for that exact reason.

I want all of my money to be invested.

So I use mutual funds on those platforms.

So Adam Norris, um, and, and the connection wasn't fully baked by then.

Uh, so Adam Norris, uh, a very successful, uh, businessman, brought direct sell pensions into the UK, was running half of Hargre- Hargreaves Lansdown.

Uh, he sort of pulled back from that and decided after making a, a reasonable amount of money to invest into renewable, uh, energy, uh, and, and set up a company called Wavepar.

Uh, so I was brought in as chief, uh, technology officer to sort of develop with the team a new wave energy device.