This figure compares to a 9% increase in the FTSE All-World index.

Scottish Mortgage’s net asset value per share with debt at fair value (NAV) has also increased by 1,072% versus a 275% increase in the FTSE All-World index over ten years.

The trust also revealed that its interim dividend increased by 5% to 1.52p.

At the same time, the trust’s investment in healthcare and biology companies has grown from 11.6% a year ago to 21.4% today.

Baillie Gifford said that as the trust anticipates the next decade, the managers are both optimistic and enthused.

Commenting on the outlook, Fiona McBain, chair, said: “As we anticipate the next decade we are both optimistic and enthused. It strikes us that there are multiple drivers of change and thus opportunity.

“These include the continuing digitisation of our economy, the intersection of information technology and biology and the much-needed energy transition. Together they provide an opportunity set that is profound and diverse. We look forward to continuing to back the companies and visionaries that drive and take advantage of these powerful long-term trends.”