Witan Pacific Investment Trust (WPC); FY results: NAV per share falls 8.8%

Published on 26-04-2019 08:04:15
Author Sparks Team
Sparks - Witan Pacific feature image - 26042019 - JPG

Witan Pacific’s net assets stood at £220m (2018: £244m). Since 2005, Witan Pacific’s NAV total return of 218.7% compares favourably with the benchmark (215.7%).

Equity markets were volatile during the year, with the benchmark, the MSCI AC Asia Pacific Free Index, down 5.4% in sterling terms. The oil price reversed its gains, which reduced the company’s inflation concerns, and markets rallied in the final weeks of the financial year.

Although markets have made a strong start to 2019, ongoing macro-political concerns are likely to cause bouts of increased volatility.

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