It’s been determinedly holding its nerve but the underperformance at Witan Investment Trust must surely be getting a little uncomfortable. Having undershot its benchmark last year, the trust promptly did so again over the first six months of this year. Indeed, its recent underwhelming returns continued into last month and as at the publication on Friday of its latest factsheet, it was still lagging behind its reference index.
There is, however, some cause for optimism in that its returns have gradually been catching up as some of the underlying holdings start to come back into vogue. Those with sunny dispositions, in fact, could well be hoping that by the time its next monthly assessment is made available to shareholders in January, Witan may be ahead