Seek­ing strength in num­bers

Wi­tan is the only fully multi-man­aged global eq­uity in­vest­ment trust– how­does this ap­proach work?

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CRE­ATED in 1909 to man­age the es­tate of the first Lord Far­ring­don and listed on the Lon­don Stock Ex­change in 1924, Wi­tan In­vest­ment Trust plc has a rich her­itage, but, in 2004, it took a newdi­rec­tion. Ap­point­ing its first in­de­pen­dent CEO, Wi­tan be­camea self-man­aged in­vest­ment com­pany and adopted a multi-man­ager ap­proach, se­lect­ing in­vest­ment man­agers with dif­fer­ent styles and spe­cial­i­sa­tions.

‘If you choose one man­ager, how­ever good they are, they will tend to play to a cer­tain theme and that might work very well in some mar­ket con­di­tions and less well in oth­ers,’ ex­plains An­drew Bell, Chief Ex­ec­u­tive of Wi­tan since 2010. ‘Part of our pur­pose in choos­ing a se­lec­tion of man­agers is to smooth out some of those

‘We choose peo­ple based on what they’re good at’

peaks and troughs in per­for­mance. It’s also our ob­jec­tive to choose peo­ple based on what they’re good at. Some­one who’s good with UK eq­ui­ties might not have global ex­per­tise, so we choose spe­cial­ists. Per­haps more im­por­tantly in a year like 2015, when the mar­kets didn’t re­ally go up very much, our man­agers pick stocks for their in­di­vid­ual mer­its. The more se­lec­tive you are in choos­ing your port­fo­lio, the greater chance you have of buck­ing volatil­ity in the mar­ket.’

Wi­tan­in­vest­sitsshare­hold­ers’ fund­spri­mar­ily in a broad ge­o­graph­i­cal spread of global eq­uity mar­kets and aims to profit from op­por­tu­ni­ties cre­ated by global eco­nomic growth, gen­er­at­ing long-term cap­i­tal growth to­gether with an in­come that rises faster than the rate of in­fla­tion. The com­pany’s sav­ings schemes, which are man­aged by Wi­tan In­vest­ment Ser­vices Ltd, in­clude­wi­tan­wis­dom and Jump Sav­ings for chil­dren.

To find out more about Wi­tan’s ac­tive multi-man­ager strat­e­gya nd how­it­might work within your in­vest­ment port­fo­lio, tele­phone 0800 082 8180 or visit www. wi­tan.com

An­drew bell be­lieves that wi­tan’s multi-man­ager ap­proach smooths out­peaks and troughs in per­for­mance

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