RCS - Witan Inv Tst PLC - Edison issues review on Witan Investment Trust

Witan Investment TrustAnnouncement

25/03/2022 07:16

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220325:nRSY9419Fa&default-theme=true

RNS Number : 9419F  Witan Investment Trust PLC  25 March 2022

 

London, UK, 25 March 2022

 

Edison issues review on Witan Investment Trust (WTAN)

Witan Investment Trust (WTAN) has used a multi-manager structure since 2004.
However, it has continued to evolve as new opportunities and challenges emerge
in investment markets. Performance was good in absolute terms through FY21 but
lagged global markets, contributing to lower relative returns over the past
five years. WTAN's relative performance is still ahead over 10 years and 2021
saw the 47th consecutive year of dividend increases. The trust's portfolio is
well diversified and takes active positions versus stylistic, country and
sector comparisons, so we believe there is scope for the recent
underperformance to be reversed if the market direction becomes driven by a
broader set of sector and geographical factors.

WTAN's current 7.7% share price discount to cum-income NAV is wider than its
three, five- and 10-year averages of 5.4%, 4% and 4.8%, respectively. The
widened discount is likely due to the recent underperformance, which in our
view is backward looking and fails to capture the portfolio's potential for
future outperformance.

Click here
(https://www.edisongroup.com/publication/strong-absolute-performance-in-2021/30653/?utm_campaign=RNSreach%20Press%20Releases&utm_source=RNSreach&utm_medium=Press%20Release)
to view the full report or here
(https://share.hsforms.com/139lIO56hQ-mZSz9vXy554A3k1vq)  to sign up to
receive research as it is published.

 

All reports published by Edison are available to download free of charge from
its website

www.edisongroup.com (http://www.edisongroup.com)

About Edison: Edison is a leading research and investor relations consultancy,
connecting listed companies to the widest pool of global investors. By
focusing on the volume and quality of investors reached - across institutions,
family offices, wealth managers and retail investors - Edison can create and
gauge intent to purchase, even in the darkest pools of capital, and then make
introductions via non-deal roadshows, events or virtual meetings.

Having been the first in-market 17 years ago, Edison now has more than 100
analysts covering every economic sector. Headquartered in London, Edison also
has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in
Athens, Johannesburg and Sydney.

Edison is authorised and regulated by the Financial Conduct Authority
(https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000MfYL6AAN) .

Edison is not an adviser or broker-dealer and does not provide investment
advice. Edison's reports are not solicitations to buy or sell any securities.

For more information, please contact Edison:

David Holder +44 (0)20 3077 5700 investmenttrusts@edisongroup.com
(mailto:investmenttrusts@edisongroup.com)

Mel Jenner +44 (0)20 3077 5720 investmenttrusts@edisongroup.com
(mailto:investmenttrusts@edisongroup.com)

Learn more at www.edisongroup.com (http://www.edisongroup.com) and connect
with Edison on:

LinkedIn        https://www.linkedin.com/company/edison-group-/
(https://www.linkedin.com/company/edison-group-/)

Twitter             www.twitter.com/Edison_Inv_Res
(http://www.twitter.com/Edison_Inv_Res)

YouTube       www.youtube.com/edisonitv
(http://www.youtube.com/edisonitv)

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRASEMFDLEESELD