Alliance Trust PLC Alliance Trust Plc - Portfolio Update: Alliance Trust Stock Picker Change
March 07 2022 - 10:00AM
UK Regulatory
TIDMATST
Portfolio Update: Alliance Trust Stock Picker Change
Alliance Trust PLC today announces that its investment manager,
Willis Towers Watson (WTW), has terminated River and Mercantile
Asset Management LLP's (R&M's) mandate as one of the ten Stock
Pickers in the Company's global equity portfolio.
R&M's allocation of approximately 6% of the Company's
portfolio has been re-allocated amongst the Company's other nine
Stock Pickers. The transition of the portfolio has been undertaken
by BlackRock's transition management team and is mostly completed.
The overall risk profile of the portfolio is approximately
unchanged.
Craig Baker, Chief Investment Officer at WTW and Chair of the
Alliance Trust Investment Committee, said:
"We would like to start by expressing our appreciation to Hugh
Sergeant and the team at R&M for their contribution to Alliance
Trust over the last 5 years. Given the relatively small allocation
we have had with them and some of the recent changes at R&M, we
have taken this opportunity to reallocate this 6% of assets to some
of the existing Stock Pickers."
-END-
About Alliance Trust PLC (ATST)
Alliance Trust PLC is one of the oldest and largest investment
trusts in the UK, offering a diversified but highly active global
equity portfolio at a competitive cost. The portfolio is managed by
Willis Towers Watson which selects best-in-class(1) Stock Pickers
from around the world, all with different styles and approaches to
investing, and asks them to invest only in their best ideas.
Alliance Trust is an AIC Dividend Hero with 55 consecutive years of
rising dividends.
https://www.alliancetrust.co.uk
(1) As rated by WTW
For more information, please contact:
Mark Atkinson Sarah Gibbons-Cook
Head of Marketing and Investor
Relations
Alliance Trust PLC Quill PR
Tel: 07918 724303 Tel: 020 7466 5050 /
AllianceTrust@quillpr.com
(END) Dow Jones Newswires
March 07, 2022 10:00 ET (15:00 GMT)
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