The multi-manager investment trust’s composite benchmark was changed earlier this month to reflect the world’s growing divide into three trading areas – the Americas, Europe and Asia Pacific. The change has reduced the benchmark’s UK weighting to 20 per cent from 50 per cent ensuring areas such as Asia are represented. The board also added Chicago-based boutique Thomas White International to its line-up of global managers.
Witan marketing director James Budden says: “We are a global fund but historically Witan has had a large weighting in the UK. This was because the investors are based in the UK and UK companies have been paying dividends.
“Looking to the future, we think returns are going to come from elsewhere.”