Alliance Trust trounces MSCI World picking Mag 7 and other top stocks (2024)

Table of Contents
The £3.4bn global multi-manager trust beats the MSCI All Country World index by more than six percentage points as its stock pickers venture beyond US mega-cap tech firms. Leave a comment UK stocks follow Wall Street higher as the country’s return to growth signals a quick exit from a technical recession. GAVIN LUMSDEN, CITYWIRE INVESTMENT TRUST INSIDER Editor’s Picks Videos & podcasts Worried by the small group of US tech stocks driving global markets? Then sign up for our event on 20 March with Stephen Anness, manager of Citywire award-winner Invesco Global Equity Income. COMMENT & ANALYSIS Last month’s rise in US inflation knocked UK renewables funds, which I was happy to exploit. Don’t be surprised if we see bids in the sector. GUIDES Discounts – where investment trust share prices trade below their underlying value – are sometimes presented as a good thing. Are they, asks Gavatar?

Global Equities 13 Mar, 2024

The £3.4bn global multi-manager trust beats the MSCI All Country World index by more than six percentage points as its stock pickers venture beyond US mega-cap tech firms.

Alliance Trust trounces MSCI World picking Mag 7 and other top stocks (1)

By Michelle McGagh

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Alliance Trust (ATST) has shown there is more to the stock market than the Magnificent Seven despite reaping some of the benefit from the mega-cap tech stock rally last year.

The £3.4bn investment trust, whose portfolio is allocated to 10 external fund managersoverseen by Willis Towers Watson (WTW), delivered an impressive 6.3% outperformance of its MSCI All Country World benchmark in 2023.

The panel of managers, overseen by WTW’s Craig Baker, delivered a net asset value (NAV) total return of 21.6% versus a 15.3% rise in the index. Over the past three years, which includes the stock market rout of 2022, the fund’s NAV is up 33.9% versus 26.8% for the benchmark.

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Videos & podcasts

virtual event 07 Mar, 2024 Story By Citywire

DON’T MISS! Invesco: A world of growth outside the Magnificent Seven

Worried by the small group of US tech stocks driving global markets? Then sign up for our event on 20 March with Stephen Anness, manager of Citywire award-winner Invesco Global Equity Income.

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COMMENT & ANALYSIS

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GUIDES

Alliance Trust trounces MSCI World picking Mag 7 and other top stocks (10)

Story By Gavin Lumsden

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Alliance Trust trounces MSCI World picking Mag 7 and other top stocks (2024)
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