Asset TV’s Future Trends in Investment Trusts

Watch our Investment director, James Hart, in action as part of Asset TV’s Global Outlook panel, discussing Witan’s investment approach and his outlook for 2024.

Witan Investment Trust is an equity investment. Past performance is not a guide to future performance and the value of an investment and the income from it can fall as well as rise as a result of currency and market fluctuations and you may not get back the amount originally invested. This video refers to the performance of Witan Investment Trust. At the time that this video was filmed (February 2024) the discrete performance of the Trust was:

Discrete performance (%) †

Q4 2018 Q4 2019

Q4 2019 Q4 2020

Q4 2020 Q4 2021

Q4 2021 Q4 2022

Q4 2022 Q4 2023

Share Price

22.1

2.7

11.9

-9.8

10.1

Net Asset Value‡

21.3

4.2

15.8

-10.3

12.8

Benchmark#

20.1

9.5

19.9

-6.2

14.7

NAV-Benchmark Relative

1.3

-5.3

-4.2

-4.1

-1.9

Relative numbers may not add up due to rounding.

† Source: Morningstar / Witan, total return includes the notional reinvestment of dividends.
‡ The Net Asset Value figures value debt at fair value.
# Witan’s benchmark is a composite of 85% Global (MSCI All Country World Index) and 15% UK (MSCI UK IMI Index). From 01.01.2017 to 31.12.2019 the benchmark was 30% UK, 25% North America, 20% Asia Pacific, 20% Europe (ex UK), 5% Emerging Markets. From 01.10.2007 to 31.12.2016 the benchmark was 40% UK, 20% North America, 20% Europe (ex UK) and 20% Asia Pacific.The benchmark changes since 2007 reflect a shift from the UK in favour of a more international strategic asset allocation, together with an index simplification from 2020.
For more information go to www.witan.com/support/legal-information.

For a full overview of the Trust’s performance please visit www.witan.com. Investment trusts and closed-ended funds are allowed to borrow. This is known as ‘gearing’. In a rising market, it will tend to enhance returns because of the investment fund’s increased exposure to the market. By the same token, however, it will tend to increase losses triggered by a falling market and a sufficiently large fall in value could mean you get nothing back at all. Funds may, however, increase or decrease their levels of gearing to suit market conditions. The share price may trade above and below the NAV per share representing either a premium or discount to the share price respectively. Any reference to individual securities does not constitute a recommendation to purchase, sell or hold the investment. Investments and or investment strategies mentioned in the video may not be suitable or appropriate for all recipients. It is your responsibility to seek investment advice before making an investment decision. No reliance may be placed for any purpose on the information and opinions contained in the presentations or their accuracy or completeness.

Issued and approved by Witan Investment Services Limited FRN: 446227 on 19th March 2024.

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