The Scottish American Investment Company P.L.C. is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd, and co-managed by Baillie Gifford & Co. and OLIM Property Limited. It invests in public equity markets globally, primarily in dividend-paying growth stocks across diversified sectors. The fund benchmarks its performance against a composite index of 50% FTSE All-Share Index and 50% FTSE All-World Ex UK Index. Formed in 1873, it is domiciled in the United Kingdom.