Witan has chosen two winners for its competition held in association with Investment Week during the...
Witan has chosen two winners for its competition held in association with Investment Week during the autumn.
Nicholas Fletcher from London and Peter Best from Bournemouth have each won £2,000. Fletcher, who works for Saunderson Holdings, and Best, from Christows stockbrokers, both used their expertise to answer five questions correctly on the trust's performance and asset allocation.
Entrants were asked questions which ranged from "what was the percentage rise in Witan's NAV during 1999" and "who took Christopher Clarke's place as MD at Witan" to "which Far Eastern stock market had shown the largest gains in the year to 31 July 2000."
Witan, established in 1909 to manage the fortune of Lord Farringdon, first gained a quote on the London stock exchange in 1924. The trust, which is managed by Henderson Investors, has assets of £2.21bn. The trust is an actively managed portfolio, with the 55% of its holdings in the UK and the majority of the remainder in Europe, the US and Japan.
Our weekly heads-up for advisers
More than £167,000 raised
Beware ‘temporary’ vulnerability
Partner Insight: A renewed focus on 'knowledge-intensive' companies should help investors realise that these entrepreneurial companies are found in sectors other than biotech or technology.
Celtic WM and Active Wealth