TIDMATST
Alliance Trust PLC
17 January 2017
Alliance Trust plc : A new chapter
17 January 2017
Investment Trust Intelligence has been granted exclusive access
to the board and managers of Alliance Trust. In this detailed note
on the trust we reveal full details of the plan for one of
Britain's oldest and largest investment trusts...
Click here to read the full report
Highlights:
-- Proposals have been tabled to move Alliance Trust from a
directly invested model to a multi-manager approach.
-- Eight managers, appointed by Willis Towers Watson (WTW), will
each run portfolios of approx. 20 of each manager's 'best ideas'
selected across the globe and the board have doubled the
performance target to benchmark + 2%.
-- Willis Towers Watson are a major institutional investment
consultant globally, with $2.3trn assets under advice and a manager
research team of some 115 people. They aim to identify the best
managers globally.
-- The board have reiterated their commitment to a progressive
dividend, but also demonstrated their determination to tackling the
discount 'materially' through buy-backs, having bought back 5% of
the company since the announcement.
-- Shareholders will be given the opportunity to vote in support
of the proposed changes at a general meeting in February.
Visit http://www.trustintelligence.co.uk for more high quality
independent investment trust research...
Not for distribution, directly or indirectly, in or into the
United States or any jurisdiction in which such distribution would
be unlawful.
Important information
Alliance Trust plc is a client of Kepler Partners LLP. Research
produced by Investment Trust Intelligence covering Alliance Trust
plc should be considered a marketing communication, and is not
independent research.
This report has been approved under section 21 of the Financial
Services and Markets Act 2000 by Kepler Partners LLP for
communication to retail clients and private persons as defined by
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should be considered non-independent research as defined in COBS
12.3.2R. It has not been prepared in accordance with legal
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sell or offer to purchase or sell such securities from time to
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not an official confirmation of terms and is not a recommendation,
offer or solicitation to buy or sell. Any prices or quotations
contained herein are indicative only. The information in this
report is believed to be correct, but its accuracy or completeness
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