Witan Pacific Inv Trust (WPC)

Sector:

Investment Firms

Index:

FTSE Small Cap

 352.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 356.00p
  • 52 Week Low: 294.50p
  • Currency: UK Pounds
  • Shares Issued: 61.14m
  • Volume: 1,360
  • Market Cap: £215.21m
  • RiskGrade: 75

Witan Pacific sets 2021 goal to outperform its benchmark

By Josh White

Date: Monday 11 Feb 2019

LONDON (ShareCast) - (Sharecast News) - Witan Pacific Investment Trust updated shareholders on its performance on Monday, noting that it had experienced "some underperformance" relative to its benchmark in recent years.
The London-listed firm did say that it had achieved "significant absolute appreciation" in its underlying net asset value (NAV) and in its dividend over recent years, adding that benchmark underperformance was common with "many other" actively-managed funds.

Its board said it believed that the company must justify its actively-managed investment approach.

"Accordingly, the board has determined that, if the company does not deliver NAV total return outperformance of its benchmark over the period from the last financial year end to 31 January 2021, the board will put forward proposals which would include a full cash exit at close to NAV for all shareholders as soon as reasonably practicable after 31 January 2021," the firm said in its statement.

Witan Pacific described itself as a multi-manager investment trust, and the only investment trust with a pan-Asia mandate including Japan.

It had outperformed its benchmark - the MSCI AC Asia Pacific - since the inception of its multi-manager strategy in 2005.

"The board remains confident that the company's pan-Asian focus and multi-manager investment strategy can deliver attractive returns and long-term outperformance for shareholders, however the board believes it appropriate to offer shareholders the opportunity to realise their holding in the company at close to NAV, in the circumstances described," the directors added.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

WPC Market Data

Currency UK Pounds
Share Price 352.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 356.00p
52 Week Low 294.50p
Volume 1,360
Shares Issued 61.14m
Market Cap £215.21m
RiskGrade 75

WPC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
58.88% below the market average58.88% below the market average58.88% below the market average58.88% below the market average58.88% below the market average
29.17% below the sector average29.17% below the sector average29.17% below the sector average29.17% below the sector average29.17% below the sector average
Price Trend
39.15% above the market average39.15% above the market average39.15% above the market average39.15% above the market average39.15% above the market average
29.70% above the sector average29.70% above the sector average29.70% above the sector average29.70% above the sector average29.70% above the sector average
Income
43.58% below the market average43.58% below the market average43.58% below the market average43.58% below the market average43.58% below the market average
10.42% below the sector average10.42% below the sector average10.42% below the sector average10.42% below the sector average10.42% below the sector average
Growth
73.98% above the market average73.98% above the market average73.98% above the market average73.98% above the market average73.98% above the market average
75.45% above the sector average75.45% above the sector average75.45% above the sector average75.45% above the sector average75.45% above the sector average

WPC Dividends

  Latest Previous
  Interim Final
Ex-Div 17-Oct-19 16-May-19
Paid 28-Oct-19 18-Jun-19
Amount 2.55p 4.50p

Trades for 23-Jan-2020

Time Volume / Share Price
09:49 685 @ 347.50p
08:11 675 @ 352.00p

WPC Key Personnel

Chair Susan Platts-Martin

Top of Page