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Witan (WTAN) / Scottish Mortgage (SMT)

Closed-end funds and OEICs
monabri
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Witan (WTAN) / Scottish Mortgage (SMT)

#252736

Postby monabri » September 19th, 2019, 6:16 pm

"Witan...has reviewed its asset allocation and decided it will almost halve its holdings in British shares from 30% of the trust’s total to 15% with effect from next January. This is down from a peak of 60% 15 years ago."

https://citywire.co.uk/investment-trust ... ider+Daily


"A spokesman burbled: ‘Our managers invest in companies on the basis of their shares’ potential to deliver above-average returns and to outperform market indices."


"Scottish Mortgage (SMT) is even more UK-averse, with only 1.6% of assets allocated here compared to 40% in the United States of America and 17% in China."

monabri
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Re: Witan (WTAN) / Scottish Mortgage (SMT)

#252871

Postby monabri » September 20th, 2019, 11:39 am

In terms of Total Return over the last 5 years, WTAN has underperformed compared to some competitors.


Image

The next graph shows the relative performance of VUKE (FTSE100) compared to WTAN - WTAN must see this as continuing and thus don't want to be "in" the UK market.

Image

toofast2live
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Re: Witan (WTAN) / Scottish Mortgage (SMT)

#253049

Postby toofast2live » September 21st, 2019, 1:57 pm

Not a surprise. The uk market lacks the high growth sectors often found in the us and Asia. Instead we’re dominated by banks, miners, old pharma. Not a tempting selection.


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