Witan Investment Trust PLC Edison issues review on Witan Investment Trust
13 Septiembre 2021 - 1:00AM
RNS Non-Regulatory
TIDMWTAN
Witan Investment Trust PLC
13 September 2021
London, UK, 13 September 2021
Edison issues review on Witan Investment Trust (WTAN)
Witan Investment Trust (WTAN) has employed a multi-manager
approach since 2004, including strategies that may be unavailable
to the general investor. The trust is back on track following a
period of weak performance in early 2020 due to its positioning
during the extreme coronavirus-led market sell-off, and is ahead of
its composite benchmark and the majority of its peers over the last
12 months (WTAN has also outperformed its benchmark over the last
decade). The trust's portfolio was restructured in a measured way
in 2020 as part of a long-term strategy to align the fund with
available global investment opportunities, and its investment
director James Hart believes that WTAN is well positioned to
continue to deliver positive performance in the current environment
of broader stock market leadership.
WTAN's current 7.3% share price discount to cum-income NAV is
wider than its longer-term averages of 4.0% to 5.1% over the last
three, five and 10 years. There is scope for a higher valuation now
that the trust's performance is back on track. WTAN has a 46-year
record of consecutive annual dividend growth and currently offers a
2.2% yield, which is higher than its peer group average, as is its
level of net gearing (currently 10.1%).
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(END) Dow Jones Newswires
September 13, 2021 02:00 ET (06:00 GMT)
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