Letters / A bubble about to burst?
One would think that a return on investment of 53.6 per cent in nine months for Shetland Charitable Trust would be a cause for celebration, and a round of applause for our terribly clever investment managers (Charitable Trust make £159m gain on investments in just nine months; Shetland News, 17 February 2021).
However, a return like that is impossible without very significant exposure to the FAANG Index (Facebook, Amazon, Apple, Netflix and Alphabet – formerly Google) and may include exposure to Tesla and Bitcoin.
I assume that Baillie Gifford and Blackrock are still part of our chosen investment team, and they are both well-known (notorious?) for their interest in these areas.
There are many other investment managers who consider this exposure to be a bubble about to burst, with huge downside risk.
I implore SCT to instruct their managers to significantly reduce our exposure to this bubble risk, and take advantage of this totally fortuitous profit.
Alan Skinner
Cullivoe
Become a supporter of Shetland News
Shetland News is asking its many readers to consider start paying for their dose of the latest local news delivered straight to their PC, tablet or mobile phone.
Journalism comes at a price and because that price is not being paid in today’s rapidly changing media world, most publishers - national and local - struggle financially despite very healthy audience figures.
Most online publishers have started charging for access to their websites, others have chosen a different route. Shetland News currently has over 500 supporters who are all making small voluntary financial contributions. All funds go towards covering our cost and improving the service further.
Your contribution will ensure Shetland News can: -
- Bring you the headlines as they happen;
- Stay editorially independent;
- Give a voice to the community;
- Grow site traffic further;
- Research and publish more in-depth news, including more Shetland Lives features.
If you appreciate what we do and feel strongly about impartial local journalism, then please become a supporter of Shetland News by either making a single payment or monthly subscription.
Support us from as little as £3 per month – it only takes a minute to sign up. Thank you.
Support Shetland News
