The World Trust Fund (WTR) invests globally in a mix of closed-end funds (35.7% at 31 August), investment trusts (39.2%) and holding companies (27.3%) chosen for their discounted assets and potential for capital appreciation. The managers seek to identify catalysts for re-rating and will also engage actively with holdings to boost long-term shareholder value. Benchmarked against the MSCI AC World Index, the portfolio is heavily underweight the US (which the managers see as broadly overvalued)
25 Sep 2015
Searching out discounted assets globally
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Searching out discounted assets globally
Lazard World Trust Fund (WTR:LON) | 0 0 (-1.5%) | Mkt Cap: 135.2m
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25 Sep 2015 - Author:
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The World Trust Fund (WTR) invests globally in a mix of closed-end funds (35.7% at 31 August), investment trusts (39.2%) and holding companies (27.3%) chosen for their discounted assets and potential for capital appreciation. The managers seek to identify catalysts for re-rating and will also engage actively with holdings to boost long-term shareholder value. Benchmarked against the MSCI AC World Index, the portfolio is heavily underweight the US (which the managers see as broadly overvalued)