Witan revises performance benchmark to align with 'changing world'

Needs to 'remain relevant' to shareholders

The £1.8bn Witan investment trust has changed its performance benchmark, after a formal review, to create diversification that "better reflects the breadth of opportunities" around the world.

The trust has changed its previous composite benchmark to a revised composite benchmark, which has seen the portfolio's weighting towards UK equities decrease from 40% to 30%, its US equities weighting increase from 20% to 25% and the addition of a 5% weighting towards emerging markets. Andrew Bell (pictured), CEO, said: "We are always conscious that our benchmark needs to remain relevant to our shareholders in a changing world, and this revision creates a more diversified benchmark that better reflects the breadth of opportunities from which our managers should be able to pick stocks." ...