Witan lagged its benchmark in tough 2011

Witan, the 103-year-old investment trust, confessed to a disappointing showing in 2011 as its net asset value (NAV) per ordinary share dipped and performance lagged behind the trust's benchmark index.

Witan, the 103-year-old investment trust, confessed to a disappointing showing in 2011 as its net asset value (NAV) per ordinary share dipped and performance lagged behind the trust's benchmark index.

NAV per ordinary share on a debt at par value fell 11.6% from 584.4p to 516.9p, while on a fair value basis it dropped 12.9% from 578.1p to 503.7p. The shares currently trade around the 500p mark.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.