In conversation with Lansdowne Partners: Do UK equities in the doldrums present a buying opportunity?

Monday, 30 October 2023

Witan’s Investment Director, James Hart, and Peter Davies, Partner & Head of Developed Markets Strategy at Lansdowne Partners, discuss why they believe that UK equities could provide a buying opportunity currently. The team at Lansdowne has managed a Long Only Developed Markets Strategy on behalf of Witan since 2012.

This material is a marketing communication issued and approved by Witan Investment Services Limited (registered in England no. 5272533) FRN:446227 on 23 October 2023, which is authorised and regulated by the Financial Conduct Authority. It is for information purposes only and does not constitute a solicitation or a personal recommendation in any jurisdiction. Opinions expressed are current opinions as at the date of appearing in this material. No reliance may be placed for any purpose on the information and opinions contained in the presentations or their accuracy or completeness. The views expressed herein represent those of the fund manager and not those of Witan Investment Services. Any financial instruments and investments discussed are for information purposes only and are examples used to demonstrate aspects of the fund manager’s investment process. They do not represent investment advice or personal recommendations.

Witan Investment Trust is an equity investment. Please remember 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.

At the time that this video was filmed (September 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 (Total Return)

0.6%

-11.6%

34.7%

-12.6%

12.8%

Net Asset Value (Total Return)**

2.8%

-8.9%

37.4%

-11.8%

13.9%

Benchmark (Total Return)***

6.1%

2.3%

24.5%

-2.6%

11.2%


* Source: Morningstar/Witan. Total return includes the notional investment 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. For more information go to http://www.witan.com/support/legal-information

For a full overview of the Trust’s performance please visit www.witan.com.