Global Growth trusts must learn to shuffle the pack

Last week brought differing fortunes for two giants of the AITC's Global Growth investment trust sec...

Last week brought differing fortunes for two giants of the AITC's Global Growth investment trust sector. The Alliance Trust continues to deliver, while Witan's segregated managers are still failing to come up with performance. Both have segmented their portfolios into regional areas in recent years yet, while the bulk of Witan's active managers have failed to produce outperformance, those working for Alliance have largely succeeded. The trust sector's other biggest beast, Foreign & Colonial, is defending year-end results that showed asset allocation rather than stockpicking was driving pe...