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

Witan Investment TrustAnnouncement

21/03/2023 07:00

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RNS Number : 5153T  Witan Investment Trust PLC  21 March 2023

London, UK, 21 March 2023

 

Edison issues update on Witan Investment Trust (WTAN)

Witan Investment Trust employs a multi-manager approach to invest in global
equities, including varied and interesting strategies that may normally be
unavailable to individual investors. WTAN's recently released results for the
year ended December 2022 do not tell the whole story regarding the trust's
current performance, however, as they mask an improvement in relative returns
following a difficult first quarter. This improvement gathered momentum in the
second half of 2022 and accelerated in the first two months of this year. In
the six months to end February 2023, the trust returned 3.7% in NAV terms and
4.8% on a share price basis, outpacing the benchmark return of 0.9%
considerably. While it is early days still, this suggests the portfolio's
positioning in anticipation of improved economic and market conditions is
beginning to pay off and should continue to reward investors as economic
activity picks up over 2023 and beyond.

 

WTAN's broad exposure to global large and mid-cap stocks, across several
managers, may appeal to investors seeking 'a one-stop shop', offering a
long-term buy and hold strategy. Exposure to specialist strategies invested in
private equity, real estate, climate change mitigation and life sciences may
attract those seeking interesting opportunities beyond mainstream equity
investment. The recent upturn in absolute and relative performance suggests
the portfolio is well-positioned to benefit from further improvement in market
conditions. WTAN's Responsible Investment strategy, which aims to ensure its
portfolio consists entirely of sustainable businesses by 2030, will appeal to
a range of investors looking for equity returns that are complemented by
improving ESG characteristics over time. The trust's historically wide
discount has scope to narrow, supported by regular share buybacks or a
sustained improvement in performance. Meanwhile, the discount offers investors
the chance to buy at a potentially attractive price.

Click here
(https://www.edisongroup.com/research/a-one-stop-global-equities-shop-returning-to-form/32103/)
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:

Joanne Collins +44 (0)20 3077 5700 investmenttrusts@edisongroup.com
(mailto:investmenttrusts@edisongroup.com)

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

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

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

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