Fund Research

Witan

Last update 26 July 2018

Witan pursues a highly active ‘manager of managers’ approach, using a range of third party managers based around the world, each one investing in concentrated portfolios under the overall asset allocation plan set by CEO Andrew Bell and the management team. The trust’s objective is to generate long-term NAV growth and to deliver income at a rate greater than inflation. Since the change in strategy in 2004, when it adopted the multi-manager approach, the trust has performed strongly, comfortably beating the composite benchmark over one, three, five and ten years (to the end of May 2018). In particular, 2017 was a strong year for the trust, as the financial backdrop was prime for global equities. Throughout the year the trust beat its benchmark by 3.9%, with NAV total returns of 19%. However, 2018 has brought new challenges for the trust, and macroeconomic backdrop has exposed it to some volatility. In particular the possibility of trade wars has impacted performance, as well as the effect that an environment of higher interest rates could have on emerging markets. Additionally, the lack of exposure to US markets has squeezed relative performance.

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Fund History: Witan

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