The global multi-manager trust had a disappointing 2020
Global multi-managed trust Witan’s ( WTAN ) full-year results (11 March) revealed the investment trust returned less than half that of the benchmark during 2020, at 4.2% versus 9.5% respectively. This lagging performance once again raises the question whether investors would be better off buying a low-cost global exchange-traded fund, especially as Witan’s ongoing charge of 0.8% is higher than the AIC Global Sector’s 0.5% average. After all, Witan...