Witan Trust lagged All Share by almost 5pc

However, the trust, which converted to a multi-manager structure three years ago, outperformed the FTSE World ex-UK, which delivered only 5.6pc for the year. Witan said there had been a 10.1pc increase in net asset value over 2006. A dividend of 5.3p will be paid to ordinary shareholders on April 3, taking the total 2006/07 tax year payout to 9.20p. Jim Horseburgh, Witan chief executive, highlighted a commitment to share buybacks, overweight allocation to Europe and Asia, underweight to the US and performance of MFS and Henderson Global Investors’ smaller companies team as reasons for the...