According to its annual results for the year to 31 December 2023, the trust offered a share price return of 20.2% and a NAV total return of 21.6%, compared with its MSCI All Country World index benchmark return of 15.3%.
The trust has also raised its dividend 5% on the previous year’s figure, up to 25.2p per share thanks to the addition of a Q4 interim dividend of 6.34p.
Spread between ten underlying equity managers, the trust’s portfolio is highly concentrated, with 9% allocated to Jupiter Asset Management.
Given the pending departure of manager Ben Whitmore, Numis analysts Ash N…
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