James Hart, in the AIC’s roundtable ‘New year, new beginnings’
Friday, 15 December 2023
Witan’s Investment Director, James Hart, took part in the Association of Investment Companies’ roundtable ‘New year, new beginnings’, along with Alex Wright, Portfolio Manager of Fidelity Special Values and Emily Fletcher, Co-Manager of BlackRock Frontiers. During this session, James discussed Witan’s 2023 performance, revealed his biggest cause for both optimism and concern next year, and provided his thoughts on what may lie ahead for inflation and interest rates in 2024.
This material is a marketing communication issued and approved by Witan Investment Services Limited (registered in England no. 5272533) FRN:446227 on 15th December 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. 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.
At the time that this video was filmed (December 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% |
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* Source: Morningstar/Witan. Total return includes the notional investment of dividends. |
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