Baillie Gifford China Growth Trust (BGCG)

Sector:

Investment Firms

Index:

FTSE Small Cap

375.50p
   
  • Change Today:
    -5.00p
  • 52 Week High: 640.00
  • 52 Week Low: 371.50
  • Currency: UK Pounds
  • Shares Issued: 62.01m
  • Volume: 477,468
  • Market Cap: £232.86m
  • RiskGrade: 205

Witan Pacific sets 2021 goal to outperform its benchmark

By Josh White

Date: Monday 11 Feb 2019

LONDON (ShareCast) - (Sharecast News) - Witan Pacific Investment Trust updated shareholders on its performance on Monday, noting that it had experienced "some underperformance" relative to its benchmark in recent years.
The London-listed firm did say that it had achieved "significant absolute appreciation" in its underlying net asset value (NAV) and in its dividend over recent years, adding that benchmark underperformance was common with "many other" actively-managed funds.

Its board said it believed that the company must justify its actively-managed investment approach.

"Accordingly, the board has determined that, if the company does not deliver NAV total return outperformance of its benchmark over the period from the last financial year end to 31 January 2021, the board will put forward proposals which would include a full cash exit at close to NAV for all shareholders as soon as reasonably practicable after 31 January 2021," the firm said in its statement.

Witan Pacific described itself as a multi-manager investment trust, and the only investment trust with a pan-Asia mandate including Japan.

It had outperformed its benchmark - the MSCI AC Asia Pacific - since the inception of its multi-manager strategy in 2005.

"The board remains confident that the company's pan-Asian focus and multi-manager investment strategy can deliver attractive returns and long-term outperformance for shareholders, however the board believes it appropriate to offer shareholders the opportunity to realise their holding in the company at close to NAV, in the circumstances described," the directors added.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BGCG Market Data

Currency UK Pounds
Share Price 375.50p
Change Today -5.00p
% Change -1.31 %
52 Week High 640.00
52 Week Low 371.50
Volume 477,468
Shares Issued 62.01m
Market Cap £232.86m
RiskGrade 205

BGCG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
48.06% above the market average48.06% above the market average48.06% above the market average48.06% above the market average48.06% above the market average
73.88% above the sector average73.88% above the sector average73.88% above the sector average73.88% above the sector average73.88% above the sector average
Price Trend
63.96% below the market average63.96% below the market average63.96% below the market average63.96% below the market average63.96% below the market average
78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average
Income
47.91% below the market average47.91% below the market average47.91% below the market average47.91% below the market average47.91% below the market average
57.47% below the sector average57.47% below the sector average57.47% below the sector average57.47% below the sector average57.47% below the sector average
Growth
92.47% below the market average92.47% below the market average92.47% below the market average92.47% below the market average92.47% below the market average
88.41% below the sector average88.41% below the sector average88.41% below the sector average88.41% below the sector average88.41% below the sector average

BGCG Dividends

  Latest Previous
  Final Interim
Ex-Div 24-Jun-21 08-Oct-20
Paid 23-Jul-21 30-Oct-20
Amount 4.60p 2.55p

Trades for 24-Sep-2021

Time Volume / Share Price
16:35 23,761 @ 375.50p
16:29 12 @ 373.00p
16:28 3 @ 375.50p
16:27 200 @ 375.68p
16:27 4 @ 375.50p

BGCG Key Personnel

Chair Susan Platts-Martin

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