Active, multi-manager approach to global equities
Witan Investment Trust (L:WTAN) aims to generate long-term growth in income and capital using a multi-manager approach to investing in equities globally. The trust has outperformed its benchmark over one, three, five and 10 years, and has recorded consecutive dividend growth over 40 years. Whilst there can be no certainty over future performance, the manager selection and diversification provided by Witan may well appeal to investors seeking a one-stop solution for global equity investment.
Investment strategy: Active multi-manager selection
Witan takes a multi-manager approach to investment in global equities (UK c 40%), assigning mandates to between 10 and 15 managers with different styles and specialisations. Andrew Bell took over as CEO in 2010 and has made changes to shift the portfolio towards managers with a higher conviction, concentrated, nonbenchmark approach. This avoids over-diversification while mitigating the volatility that may arise from investment in a single manager. The trust also invests up to 10% of assets directly in collective funds to gain exposure to undervalued assets and to provide a geographical allocation overlay when appropriate.
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