- Witan has underperformed its peers and benchmark
- Serial share buybacks “not the answer”
Witan Investment Trust (WTAN)’s strategy is ineffective and it must find a “more creative” solution to turn its performance around, experts have argued.
Investec analysts Alan Brierley and Ben Newell heavily criticised the global trust’s track record, noting that in 2023 Witan registered its fifth year of net asset value (NAV) underperformance against its benchmark out of the past six. “Clearly the investment process is not working,” they said, pointing to a “catalogue of poor investment decisions” made by the trust over time.