Witan Investment Trust has changed the composition of its benchmark index “to reflect changes in the investment universe from which most of the portfolio holdings are chosen”.
The £1.9bn global multi-manager trust has once again reduced the weighting of UK stocks in the composite index against which it performance is compared by investors. The benchmark will comprise 15% the UK's FTSE All Share index and 85% the global FTSE All World index. The changes will take place from January 2020. Broker Numis said the decision "appears a sensible move to simplify one of the most complicated performance benchmarks in the sector". Currently, the FTSE All Share accounts for 30% of its benchmark, with the other 70% a composite of four international indices. The latter...
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