Asset TV’s Future Trends in Investment Trusts
Watch our Investment director, James Hart, discuss the portfolio’s global strategy and his outlook for markets in 2024 with Winterflood’s Emma Bird.
AssetTV recently hosted a virtual conference around Future Trends in Investment Trusts, which we were delighted to participate in. Watch our Investment Director, James Hart, in discussion with Emma Bird, Head of Investment Trusts Research at Winterflood, about Witan’s global strategy, discount levels, the importance of independent Boards, corporate activity in the investment trust sector and, finally, 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 (November 2023) the discrete performance of the Trust was:
Discrete performance (%) †
| Q3 2018 Q3 2019 | Q3 2019 Q3 2020 | Q3 2020 Q3 2021 | Q3 2021 Q3 2022 | Q3 2022 Q3 2023 | |
|---|---|---|---|---|---|
| Share Price | 0.3 | -11.2 | 34.5 | -11.5 | 8.5 |
| Net Asset Value‡ | 1.4 | -6.3 | 33.1 | -11.2 | 10.0 |
| Benchmark# | 5.4 | 2.6 | 23.3 | -3.5 | 11.5 |
| NAV-Benchmark Relative | -4.0 | -8.9 | 9.8 | -7.7 | -1.6 |
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Relative numbers may not add up due to rounding. |
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*Please remember, past performance is not a guide to future performance, and the value of shares and the income from them can rise and fall, so investors may not get back the amount originally invested.
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 11th December 2023.