Alliance Trust and Witan merge in blockbuster deal - but what does it mean for investors?

The two investment trusts come together after a wave of consolidation in the sector

Witan Investment Trust plc company logo displayed on a smartphone.
(Image credit: Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)

Alliance Trust will merge with smaller investment trust rival Witan in a seismic deal that will give the newly formed entity net assets of around £5bn, making it one of the UK’s biggest.

The merger will likely catapult the newly-formed Alliance Witan into the FTSE 100, where it will sit alongside competitors F&C Investment Trust and Scottish Mortgage.

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Chris Newlands

Chris is a freelance journalist, and was previously an editor and correspondent at the Financial Times as well as the business and money editor at The i Newspaper. He is also the author of the Virgin Money Maker, the personal finance guide published by Virgin Books, and has written for the BBC, The Wall Street Journal, The Independent, South China Morning Post, TimeOut, Barron's and The Guardian. He is a graduate in Economics.