Disclaimer
This is a non-independent marketing communication commissioned by Willis Towers Watson. The report has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on the dealing ahead of the dissemination of investment research.
Alliance Trust (ATST) delivered NAV total returns of 21.6% during its latest financial year, and significantly outperformed the 15.3% return from its benchmark, the MSCI All Country World Index (“MSCI ACWI”). Share price returns equated to a total shareholder return of 20.2%; 4.9% ahead of the same benchmark.
Chairman Dean Buckley said: “In a volatile market environment, Alliance Trust reported strong returns, outperforming the MSCI ACWI and most of its peers in the Association of Investment Companies (’AIC’) Global Sector. These results extend the company’s long-term track record of attractive outright gains and relative performance.
"In a highly concentrated market, it was reassuring to note that the driver of the company’s outperformance in 2023, was the broadly-based, skilled stock picking approach, rather than the result of any significant style, country, or sector biases."
In this video Craig Baker, global chief investment officer at Willis Towers Watson which manages the trust's stable of underlying stockpickers, explains how the trust delivered these returns and outlines his thoughts on the opportunities that lie ahead.
