2 top FTSE 250 investment trusts trading at attractive discounts!

UK shares may have been rising lately, but there’s still great value to be found, especially in the mid-cap FTSE 250. One area is investment trusts. Most are still trading at big discounts to net asset value (NAV). Here, I’ll consider two FTSE 250 trusts that look like smart buys for my portfolio right now. First up, we have Scottish American Investment Company (LSE: SAIN). This is run by Baillie Gifford and aims to provide both income and capital growth. Launched in 1873, Saints (as it’s known) currently has 62 shares in its portfolio, as well as bonds and property. The emphasis is on steady earnings growth and dependability. The dividend yield is fairly low at 2.8%. However, over the last 10 years, the dividend’s increased at a rate of 3.3% a year, above the rate of inflation (2.9% a year). The top two holdings are Novo Nordisk, which is profiting handsomely from its obesity and diabetes drugs Wegovy and Ozempic, and Microsoft, the part-owner of ChatGPT parent OpenAI. These are world-class companies with strong balance sheets, so I’d expect both to pay rising dividends for a long time. Now, one issue here is the trust’s share price returns have...

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