Investment trust analysts have expressed mixed views on the results of £3.6bn Alliance Trust's strategic review, with some saying they are "encouraged" by the outcome but others still having "little reason to buy" the fund.
More than six months after initiating a strategic review, the board of Alliance Trust today announced the fund will become a multi-manager global equity vehicle. Investment consultants Willis Towers Watson will be responsible for appointing around eight managers to each run a focused portfolio, representing around 20 of their best ideas. But some analysts have said the board's plans to reinforce Alliance Trust's position as a core, "must-have" holding may not live up to expectations. Simon Elliott (pictured), head of research at Winterflood Securities, said: "The reaction of many t...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
