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Allocation update from multi-managed Witan

Multi-managed global sector company, Witan (WTAN), has announced some changes to management arrangements.

Principally, exposures to Europe, through CRUX Asset Management and S.W. Mitchell Capital, have been sold (after having been substantially reduced over February) while the global portfolio managed by Pzena Investment Management has been sold as well. In the latter’s case, the majority of the proceeds are being held in equity index futures and a US equity market ETF, until a new manager is appointed.

With respect to the European equity portfolios, WTAN said: “The proceeds have principally been allocated between WTAN’s global managers, who are able to invest in European equities when appropriate but are not limited to one region. These included Latitude Investment Management and the GMO Climate Change Fund, both of which are in the smaller mandate category of managers viewed as having strong potential to add value in the medium term.”

About WTAN

WTAN is a fully multi-managed investment trust (i.e. it gives portions of its portfolio to different external managers to invest rather than managing its own money.

Witan’s global portfolio offers exposure to the world’s major equity markets thereby offering diversification by geographical region, industrial sector and individual stock. The multi-manager approach means that the trust employs a number of specialist fund managers running different portions of the portfolio, managers who we believe are the best in that individual area and are therefore more likely to generate decent returns for investors.

WTAN: Allocation update from multi-managed Witan

2 thoughts on “Allocation update from multi-managed Witan”

  1. Hi, that was covered in the news item on 2 June – QuotedData’s morning briefing 2 June – but mainly it comes down to the trust being overweight the UK and underweight the US and the technology sector

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