Alliance Trust - Update from QuotedData
19th September 2024
A new powerhouse
In recent years, we have highlighted the success of Alliance Trust's (ATST) investment approach, which has, on average, outperformed the MSCI All Countries World Index (MSCI ACWI) over any given 12-month period (sampled weekly - see page 12). This success was an important factor in ATST's selection as a merger partner for Witan (WTAN), another global multi-manager investment trust with ATST's manager, Willis Towers Watson (WTW), continuing to manage the combined entity. Assuming the merger proceeds, as seems very likely, ATST shareholders can anticipate the benefits of a larger trust, and one that could enter the FTSE 100 as a result, as well as a reduced management fee.
Beyond the merger, a new manager has been added to ATST's line up: ARGA Investment Management. ARGA, a global value investor, will replace the team at Jupiter, who were removed from the roster following the resignation of their lead manager.
Full Research:
https://quoteddata.com/research/alliance-trust-a-new-powerhouse-qd/
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NB: Marten & Co was paid to produce this note on Alliance Trust Plc, and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.
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